Tuesday , 15 June 2021
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Category Archives: Banking News

111th branch of Standard Bank opens

businessnews24bd.com Kazi Akram Uddin Ahmed, Chairman, Standard Bank Limited inaugurated its 111th branch at Haji Adam Ali Khan Super Market, Mathbaria, Pirojpur recently. Mamun-Ur-Rashid, Managing Director, SAM Hossain, Vice Chairman, Mohammed Shamsul Alam and Md Zahedul Haque, Directors of the Bank, Industrialists, businessman and local elites were present on the occasoin. Read More »

Uttara Bank conference held

businessnewes24bd.com Azharul Islam, Chairman, Uttara Bank Limited presided over its 1st Zonal Heads’ conference-2017 at the Banks Head Office in the city on Saturday. Mohammed Rabiul Hossain, Managing Director, Mohammed Mosharaf Hossain, Additional Managing Director, Maksudul Hasan, Sultan Ahmed and Md Abdul Kuddus, Deputy Managing Directors of the bank were present among others. Read More »

Fresh loan scam at Sonali Bank

businessnews24bd.com The Anti-Corruption Commission (ACC) has launched an inquiry into a complaint filed against Showban International (Pvt) Limited that it reportedly  embezzled a sum of Tk 6 crore from Sonali Bank Limited by managing GM Rafiqul Islam and DGM Mohammad Alauddin, sources said. The bank itself sent a complaint to ACC for investigation against those officers who violated banking rules ... Read More »

RAKUB gets new MD

Rajshahi Correspondent Golam Faruque has joined Rajshahi Krishi Unnayan Bank (RAKUB) as its new Managing Director yesterday, a press release of the bank said here today. Prior to his new assignment he was Deputy Managing Director of Janata Bank Limited, wherein he started his banking carrier as senior officer in 1984. Born in a respectable Muslim family in Barisal Faruque ... Read More »

Banking sector was steady in 2016

businessnews24bd.com Banking sector passed a steady year in 2016 as there was no report of any big corruption though Bangladesh Bank (BB) continued to face reserve hacking problem during the period. Unidentified hackers stole a total $101 million from Bangladesh’s account at the New York Fed in February. Of the amount, $81 million was transferred to four accounts at Rizal ... Read More »

Economy to maintain growth pace in 2017: BB

businessnews24bd.com With all major economic indicators performing strong in the outgoing year 2016, the economy is showing prospect of maintaining the steady growth pace in 2017, according to Bangladesh Bank (BB). “All economic indicators including inflation, foreign exchange reserve, exchange rate and credit flow in private sector are in broadly in line with the targets for 2016-17 financial year (FY17)”, ... Read More »

BB heist:Police details suspicions of inside help

Reuters, Dhaka A top investigator into the electronic theft of $81 million from the Bangladesh central bank is turning his attention to some IT technicians from the bank whom he suspects hooked up its transactions system to the public Internet, giving hackers access. In a series of interviews this month, Mohammad Shah Alam, a Bangladesh police deputy inspector general who ... Read More »

Tk 26b taxpayers’ money to finance BASIC Bank’s corruption

The government has begun the process of purchasing the BASIC Bank’s bonds worth 2,600 crore or Tk 26 billion to inject fresh capital into the scam-hit bank, authorities confirmed. The bank has taken the move to issue the bonds to overcome the capital crisis created by swindling of more than Tk 4,000 crore or Tk 40 billion through loan forgery. ... Read More »

Plan to float bonds to rescue scam-hit BASIC Bank

businessnews24bd.com The government plans to float bonds in a bid to save the BASIC Bank that is mired in a loan fraud.  Finance Minister Abul Maal Abdul Muhith says the government-run bank is financially in a bad shape. “We have to keep it alive and to do so, bonds will be used,” he said to reporters at the Secretariat on ... Read More »

Dr Yunus leaves Grameen Bank Complex after 30 years

Muhammad Yunus has left the Grameen Bank Complex nearly six years after his removal as the bank’s managing director, reports bdnews24.com  Yunus left the place where he lived for 30 years on Wednesday, Yunus Center General Manager MFM Amir Khashru has said in a Facebook post.   Khashru also posted some photos of the Nobel Peace Prize winner before leaving ... Read More »