Padma Bank
Banks freeze accounts of Padma Bank former chairman Nafeez Sarafat, family members
Bank accounts of their business entities will also remain frozen for the next 30 days
All that is wrong with the proposed bank mergers
Mergers cannot be based on the arbitrary decisions of authorities. This amounts to an imposition of the liability of poor banks on well performing banks.
Padma Bank MD resigns
NRB Bank appoints him as MD after that
No more bank merger proposals for now: BB
Bangladesh Bank will focus on five merger or amalgamation proposals it has already received and not accept any other proposals for the time.
Merger of banks: Who wins, who loses?
Initially, it is the general stock investors who might be at the receiving end of the process while the loan defaulters, whose misdeeds are largely responsible for Padma Bank’s current misfortunes, might come out victorious.
Hasty bank mergers to bring no good
Both banks are weak as per a Bangladesh Bank health index of banks and it is very difficult to get any positive result by merging two weak banks, said Fahmida Khatun, executive director of the Centre for Policy Dialogue.
Exim-Padma Bank merger to take at least 18 months
The planned merger of Shariah-based Exim Bank and struggling Padma Bank is likely to take between 18 months to two-and-a-half years to complete, according to central bank officials.
Exim Bank, Padma sign MoU for merger
The MoU will open the process of merger
Analysis / Can mergers heal banking sector’s wounds?
The news that Shariah-based Exim Bank is going to merge with troubled commercial lender Padma Bank has taken the financial sector of Bangladesh by surprise.
Padma Bank Chairman Chowdhury Nafeez Sarafat resigns
Bangladesh Bank today accepted his resignation letter.
Can a defaulter prevail over the government?
Why has no investigation taken place to explore on which grounds and for whose benefit the lion’s share of the climate fund was deposited in the Farmers Bank?
Climate funds perpetually stuck in a scam-ridden bank
How long till Farmers Bank pays back what’s due?
Padma Bank MD resigns
Tarek Reaz Khan, managing director of the embattled Padma Bank, has resigned from his post citing personal reasons.
Padma Bank gets over 2yrs to clear fine of Tk 55cr
Padma Bank, formerly known as Farmers Bank, is going to get over two years, until April 2028, to clear a Tk 55 crore penalty for its failure to maintain the regulator-stipulated cash reserve ratio (CRR) from 2017 to 2019.
