Of the two entities, publicly traded company S Alam Cold Rolled Steels informed the Dhaka Stock Exchange (DSE) on Wednesday of its plans to take the issue to court, in an attempt to stop the auction. The response came after a formal query to DSE on January 5 regarding the auction. The company said that…
Meanwhile, some other entities joined the list of defaulters and the total deduction amount reached Tk 115.37 billion. In June, BEXIMCO Group had a loan of Tk 232.8 billion, while S Alam Group had a loan of Tk 96.09 billion. Janata Bank managing director Abdul Jabbar said they have rescheduled defaulted loans for some corporate…
target not met Bangladesh Bank has directed four state-owned banks to reduce their non-performing loans by 12 percent by June next year in compliance with IMF conditions. The four banks in question are Sonali Bank, Aagi Bank, Janata Bank and Rupali Bank. However, no specific instructions have been given to reduce defaulted loans. As a…
It is not that loan scams took place only in Janata Bank during the tenure of the present government. Loan scams have also taken place in Sonali Bank and Basic Bank. Besides, there are allegations that so-called entrepreneurs and politically influential people have taken loans worth billions of rupees and sent them abroad. Banks are…
Janata Bank was also considered as a source of funds for other government and private banks many years ago. But now it is borrowing about 80 billion taka a day to stay afloat. However, Abdus Salam Azad refused to take responsibility for the poor condition. In a conversation with Prothom Alo on April 17, the…
Rapid Action Battalion (RAB) detained 16 people from a hotel in the capital for their alleged involvement in leaking question of Janata Bank recruitment exam. RAB seized some handwritten copies also. But it is yet to confirm that whether those are real or fake. The chief co-coordinator of the exam has claimed that the process…
First Janata Bank Mutual Fund IPO Lottery Subscription Open on Dhaka Stock Exchange. This subscription start from 01 August, 2010 & it running up to 05 August, 2010. You can know about details by download Prospectus(Abridged-p_1) Prospectus(Abridged-p_2) Abridged version (Book Final) Prospectus(Book) & if you are interested to attended on this IPO Lottery Program then…