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Bangladesh Bank removes NRB Commercial Bank MD for corruption

Central bank investigators have stacked ten specific allegations against Dewan Mujibur Rahman. Photo: NRB Commercial Bank. The central bank has fired NRB Commercial Bank’s top official after it found evidence of corruption and irregularities against him. Dewan Mujibur Rahman, who served as the managing director and CEO, has also been barred from working in any […]

Bangladesh Bank today removed NRB Commercial Bank’s Managing Director Dewan Mujibur Rahman over gross irregularities including corruption. Suvangkar Saha, spokesperson and executive director of the central bank, confirmed it to The Daily Star. The central bank earlier served show-cause notice against him on 10 counts of wrongdoings, including signature forgery, interference of outsiders in the board and […]

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The total default loans will be Tk125,307 crores More and more businessmen are showing keen interest to open new commercial banks in Bangladesh, even though the country’s banking sector is under stress because of financial problems like non-performing loans (NPLs). As of September 30, the 57 commercial banks in the country have disbursed total loans […]

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AKM Zamir Uddin Banks and MasterCard have urged the central bank to review its directive to route all card transactions from the new year through the National Payment Switch of Bangladesh in a bid to mitigate risks of cyber attacks. Their concern stems from the NPSB’s lack of PCI-DSS certification, a global security standard for […]

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Cheques and imbalancesThe government initiates a coup at Bangladesh’s biggest bank Board members receive a visit from military intelligence IT WAS an odd job for a spy agency. On the morning of January 5th military intelligence operatives phoned the chairman, a vice-chairman and the managing director of Islami Bank Bangladesh, picked them up from their […]

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Banks are in a fix over loan recovery, with big defaulters failing to repay despite rescheduling. Officials said a large section of businesspersons, who have availed this concession, are not even bothering with repayments. They said other defaulters are now also asking for their loans to be rescheduled and around 80 businesspersons with default loans […]

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Wall Street Journal U.S. Preparing Cases Linking North Korea to Theft at N.Y. Fed Investigators build charges against Chinese middlemen for allegedly aiding 2016 cyberheist of $81 million from Bangladesh The New York Federal Reserve building in New York. Some foreign governments, central banks and other institutions keep money at the New York Fed, enabling […]

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সাড়ে ৮০০ কোটি টাকা আত্মসাৎ, থমকে আছে দুদকের অনুসন্ধান মোর্শেদ নোমান | আপডেট: ১৬:৩১, ফেব্রুয়ারি ০৬, ২০১৭             দুদক ও জনতা ব্যাংকরাষ্ট্রায়ত্ত জনতা ব্যাংকের সাড়ে ৮০০ কোটি টাকা আত্মসাতের অভিযোগ নিয়ে দুর্নীতি দমন কমিশনের (দুদক) অনুসন্ধান অনেকটাই থমকে আছে। সংশ্লিষ্ট লোকজনের অভিযোগ, অদৃশ্য ইশারায় থমকে আছে ওই অনুসন্ধান। ওই অভিযোগের […]

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Banks’ directors seem to be good borrowers as their loan repayment records are far better than the other groups of borrowers. As of September 30, directors of the 56 scheduled banks took loans worth Tk 88,790 crore from each other’s banks, according to data from Bangladesh Bank. The sum is almost a seventh of the […]

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It will be easy to trace every criminal if all the countries concerned consider the criminals as criminals and provide the CID with information and evidence they have got, a senior CID official has said Officials claim to have made much progress in Bangladesh Bank reserve heist investigation but many questions still remain unresolved even […]

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The ‘Big 4’ in investment banking – JP Morgan, PricewaterhouseCoopers (PwC), Deutsche Bank and Suisse Bank – as well a few other banks, including an Italian bank, are keenly looking into the investment opportunities in Bangladesh Buoyed by the economic success of Bangladesh, the world’s largest investment bankers are looking for investing in Bangladesh as […]

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The Philippine government wants Bangladesh to share the findings of its investigation into how unknown hackers pulled off one of the world’s largest cyber bank heists, to help speed up recovery of the stolen funds. Finance Secretary Carlos Dominguez, who last week met with a Bangladesh delegation, said Manila ‘strongly recommended’ Dhaka share the results […]

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