Bank & Finance

Bank board reshuffle process started Zarif Mahmud: Since the fall of the government, the seized banks have been in chaos. Apart from this, there is instability in private banks which have politically influential party people on their boards. Apart from this, unrest has also arisen among the board members and…

Extreme conflict started over ownership Zarif Mahmud: There has been extreme instability in banks. There is always tension in banking arena due to ownership conflict. During the outgoing Sheikh Hasina government, the owners of S Alam Group, Beximco Group and other government-related businessmen seized the banks, now there is a…

Amount is 12pc of budget: CPD Staff correspondent: In the last 15 years from 2008 to 2023, at least 24 major financial scams have occurred in the country’s banks. Over Tk 92,261 crore have been lost through this. This amount is 12 percent of the last fiscal year’s budget. On…

Staff Correspondent: Bangladesh Bank gave an opportunity to finalize the 2023 annual report of Social Islami Bank under the control of S Alam Group by hiding the real information. The bank’s actual defaulted debt is Tk 9,569 crore, but it is shown as Tk 1,716 crore only. This means, the…

Rafiqul Islam Azad: The country’s banking sector, often referred to as the “heart” of the economy, is currently facing severe turmoil. This crisis has been exacerbated by the absence of top bank officials, following the August 5 political upheaval when Prime Minister Sheikh Hasina fled the country amidst widespread student…

Silent coup held: The Economist Staff Correspondent: Islami Bank of Bangladesh has fallen into disrepair after being controlled by Chittagong-based conglomerate S Alam Group under the auspices of the government intelligence agency.On the morning of January 5, 2017, the then chairman, managing director and a vice chairman of Islami Bank…

Staff Correspondent: After the political change, the private sector Islamic banks in Bangladesh have started to become unstable. On Tuesday, a class of angry officials vandalized Bangabandhu Corner located at the bank’s head office at 40Dilkusha, Dhaka. It is also reported that some officials of the Human Resource Department were…

Farhad Chowdhury: To restore stability in the foreign exchange market, the dollar rate was increased by Tk 7. On May 8, the intermediate rate of the dollar was set at Tk 117 by introducing the ‘crawling peg’. Earlier it was Tk 110. The dollar rate was stable at Tk 117…

Mahfuja Mukul: Government offices opened on a limited scale from Wednesday as the curfew was slightly relaxed following the clashes and violence surrounding the quota reform movement. Office activities run from 11 am to 3 pm on Wednesday and Thursday.From Sunday (July 28) to Tuesday, the schedule of government offices…