Janata Bank
Beximco seeks extension of loan tenure by 10 years
Beximco has sought support from the government to extend the repayment period of its liabilities to Janata Bank over the next 10 years, including a two-year moratorium.
S Alam drains Janata branch dry
As much as 90 percent of the loans disbursed by a branch of state-run Janata Bank was for S Alam Group, in yet another instance of how the Chattogram-based business giant exerted its influence on the country’s banking sector.
Beximco leaves Janata Bank in poor health
What is the purpose of a single borrower exposure limit? It is to ensure that a bank’s fortune is not tied to the ebb and flow of a conglomerate’s business.
When will Janata Bank’s troubles end?
The state-owned bank's failure to meet any of the performance targets set by the central bank raises a red flag.
Our banking sector, where no rules apply for vested quarters
In the banking sector of Bangladesh, exemptions from rules and regulations for powerful loan defaulters seem to be the default rules.
Why keep on awarding errant defaulters?
Janata Bank must answer for its poor handling of AnonTex’s loans
Janata’s great leniency to an errant client
Troubled state-run lender Janata Bank continues to be overly lenient towards AnonTex Group, one of its five large borrowers, despite negligible loan recovery in 13 years from the garment manufacturer.
Wilful defaulters are bleeding the banks dry
Is the government ever going to stop them?
Over Tk 13,110cr anomalies in Janata Bank
State-owned Janata Bank indulged in 31 counts of “serious financial irregularities” from 2015 to 2020 involving Tk 13,110.8 crore, which is 22.85 percent of the lender’s liabilities, found a recent audit.
Janata Bank Loan Scam: Whole bank was in it
When one applies for a loan at Janata Bank, the application goes through at least five layers of scrutiny. But in case of AnonTex Group, none of these processes seemed to have been followed.
Muhith pledges steps on loan anomalies at Janata Bank
Finance Minister AMA Muhith yesterday said necessary steps will be taken regarding the alleged loan irregularities at state-owned Janata Bank.
ACC quizzes 5 more Janata Bank officials as witnesses
The Anti Corruption Commission (ACC) yesterday interrogated five more senior officials of Janata Bank as witnesses in a graft case filed over Tk 250 crore loan scam.
People’s money being looted: Ershad
Jatiya Party Chairman HM Ershad says the money of the general people of the country is being looted indiscriminately.
Tk 1.9 crore stolen from Janata Bank
An executive of Janata Bank embezzled Tk 1.9 crore from interest on fixed deposits with the state-run bank in yet another incident of financial crime in the country's banking system.
Janata Bank to sue its officer for swindling clients’ FDR money
Days after an official of Janata Bank was learnt to have swindled Tk 1.93 core from clients’ FDR accounts, the bank authorities assure its clients that they will not be affected.
Janata Bank GM among 5 sued by ACC
The Anti Corruption Commission (ACC) files a case against five bank officials, including a General Manager of Janata Bank Limited, and four others for allegedly swindling over Tk 250 crore from the bank through opening letters of credit (LCs) to a fake company.
1.14 lakh bank accounts with Tk 1cr each in 2015
There were 1.14 lakh bank accounts having over Tk 1 crore each in the all of the country’s commercial banks in 2015, says finance minister AMA Muhith.
4 state-owned banks get observers
The central bank appoints four observers to the boards of four state-owned commercial banks.
7 vehicles torched; 3 injured
Miscreants torch seven vehicles in Dhaka and elsewhere leaving three injured