Decision to send MDs of six banks on forced leave
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...

Many struggling banks recovering: BB Governor
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...

Court orders to seize shares of S Alam, brother
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...

Moula still holds position as MD
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...

Dismissed employees of S Alam-owned banks block roads in Chattogram
Dismissed employees of S Alam-owned banks block roads in Chattogram

Hundreds of employees recently dismissed from three banks owned by the S Alam Group staged a one-hour road blockade in the Moijjartek area, near Shah Amanat Bridge, on Sunday morning. The protest caused severe traffic jams and disrupted the Chattogram-Coxs Bazar highway. The protestors demanded...