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Tags : bank


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Stringent measures needed to save NBFIs

THE failure of the authorities to take measures to discipline and facilitate the ailing non-bank financial institution sector, crippled by an abnormally high defaulted loans, is unacceptable. More than 70 per cent of non-bank financial institutions are about to collapse. The Bangladesh Bank says that 21 of the 35 institutions have more than 50 per cent...

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Foreign firms begin auditing 6 banks

Two foreign audit firms have begun evaluating the asset quality of six banks currently mired in financial irregularities and corruption...

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Pubali Bank, DHL sign deal on green shipping

Pubali Bank PLC and DHL Express Bangladesh have entered into a partnership to launch GoGreen Plus carbon-reduced shipping service recently, said a press release...

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Azad re-elected SJIB chair

AK Azad has been re-elected chairman of Shahjalal Islami Bank PLC’s board of directors during the bank’s 389th board meeting held on Wednesday, said a press release...

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BSEC probes sale of NRBC Bank founder’s restricted shares

The Bangladesh Securities and Exchange Commission has launched an investigation into the alleged covert and suspicious sale of restricted shares by NRB Commercial Bank founder ABM Abdul Mannan to three individuals closely linked to the bank’s leadership...

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Legal notice served on BB to stay Novartis share transfer

Legal notices were served on Wednesday on three officials concerned, including governor of the Bangladesh Bank, urging them to stay handing over of share of Tk 230 crore of Novartis Bangladesh to Radiant Pharmaceuticals Limited...

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EIB to support Bangladesh’s vital reforms

Nicola Beer, vice-president of the European Investment Bank, has assured Bangladesh’s interim government of its support in carrying out vital reforms it had undertaken...

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AIB holds 413th board meeting

Al-Arafah Islami Bank PLC held its 413th meeting of its board of directors on Wednesday, said a press release...

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Govt ownership stake in Grameen Bank could be reduced

A significant restructuring is on the horizon for Nobel Prize-winning microfinance institution Grameen Bank, with plans to reduce the government’s ownership stake and reshape its board management structure...

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Tk 9,391cr in farm loans disbursed in 4 months

Banks disbursed Tk 9,391 crore in agricultural loans in July-October of the 2024-25 financial year, which accounts for 24.71 per cent of the total disbursement target for FY25, according to Bangladesh Bank data...

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Dhaka Bank to collect tax, fee of DSCC residents

Dhaka Bank PLC launched real time collection of holding tax and trade licence fee of Dhaka South City Corporation in an event at Nagar Bhaban in Dhaka on Monday, said a press release...

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IBTRA begins internship programme

Islami Bank Training and Research Academy inaugurated its 161st internship programme on Tuesday, said a press release...

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Over 50pc loans of 21 NBFIs now defaulted

Fifty per cent of the loans issued by 21 non-bank financial institutions (NBFIs) turned non-performing as of September, revealing a dire financial crisis in the sector...

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BB appoints EY, KPMG to audit 6 troubled banks

The Bangladesh Bank has enlisted global auditing firms Ernst & Young (EY) and KPMG to evaluate the asset quality of six banks currently mired in financial irregularities and corruption. The audit, funded by the Asian Development Bank, is part of efforts to restore transparency and accountability in the banking sector...

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ONE Bank, BBA sign deal on Jamuna Bridge toll collection

ONE Bank PLC has recently signed an agreement with the Bangladesh Bridge Authority (BBA) regarding toll collection for the Jamuna Bridge through collection booth located at the bridge, said a press release...

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GP senior team meets SEB MD

A senior Grameenphone Limited delegation paid a courtesy visit to Southeast Bank PLC managing director Nuruddin Md Sadeque Hossain at the bank’s head office recently, said a press release.