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Decision to send MDs of six banks on forced leave
Bangladesh Bank has sent the MDs of six banks to forced leave on Sunday. According to the central banks order, the banks are First Security Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank, Exim Bank and ICB Islamic Bank. Four of these banks are under the control of the...
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Many struggling banks recovering: BB Governor
Bangladesh Bank Governor Dr Ahsan H Mansur has said several banks, which were on the brink of bankruptcy, are now making significant strides in recovery due to strengthened regulatory measures and improved management practices, reports UNB. Banks are not private or family entities; they belong...
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Court orders to seize shares of S Alam, brother
A court has ordered the seizure of all shares held by controversial businessman Saiful Alam Masud (S Alam) and his brother Abdus Samad Labu in Fast Security Islami Bank and Al-Arafah Islami Bank. Judge of Chattogram Finance Court Mr Mujahidur Rahman issued the order after hearing Janata Banks...
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Moula still holds position as MD
Following the fall of the Sheikh Hasina government amid the student-people uprising, Islami Bank has been cleared of occupation, yet there has been no change in its top executive leadership. Mohammed Monirul Moula continues to serve as the Chief Executive Officer and Managing Director (MD) of the...