Basic Bank

Govt removes BASIC Bank chairman

Abul Hashem has been serving the bank as chairman since 2020

Money Laundering: ACC presses charges against Bacchu, his wife

The Anti-Corruption Commission yesterday pressed charges against former BASIC Bank chairman Sheikh Abdul Hye Bacchu, his wife Shirin Aktar and six others over money laundering.

Withdrawals put BASIC Bank in liquidity crisis

BASIC Bank is experiencing a deep liquidity crunch as depositors have been withdrawing money for weeks following news that the state-run lender is going to be acquired by a private commercial bank.

Cops clueless about Bacchu’s whereabouts

Law enforcers have no idea where former BASIC Bank chairman Sheikh Abdul Hye Bacchu is even though a Dhaka court has so far issued 52 warrants for him in as many cases since February 28.

Basic, National Bank Mergers: People withdrawing money in panic

A recent rush to withdraw money from the BASIC Bank and National Bank is worsening the situation the troubled institutions are facing.

BASIC Bank officials ‘terrified’ by impending merger

As a state-run bank, BASIC Bank's officers and employees enjoy and job security alongside various employee benefits -- including salaries, provident fund facilities, gratuity, retirement allowance -- which may differ from those offered at City Bank.

BASIC Bank employees want merger with another state bank

They submitted a memorandum to Bangladesh Bank governor

City Bank eyes takeover of BASIC Bank

State-owned and trouble-ridden BASIC Bank is expected to merge with City Bank — a development that comes less than a week after the government decided in principle to merge four state banks

Former Ctg chamber president, his wife ordered to clear Tk 184 crore default loans

The duo has so far defaulted on loans of Tk 904 crore given by different banks

June 30, 2015
June 30, 2015

Party men saving Sonali, Basic scamsters: Muhith

Finance Minister AMA Muhith expresses his anger as he could not take steps against all involved in Sonali Bank and Basic Bank scams because of his party people’s support.

June 17, 2015
June 17, 2015

Speaker’s ruling sought to stop money laundering

Jatiya Samajtantrik Dal lawmaker Moinuddin Khan Badal seeks Speaker's ruling to stop money laundering from banks.

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