Padma Bank

Govt to devise plan to retrieve Tk 873cr climate fund from Padma Bank

The interim government is going to formulate a specific roadmap to recover funds of the Bangladesh Climate Change Trust (BCCT), amounting to Tk 873.82 crore, that have been held up in Padma Bank since 2016.

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

March 14, 2024
March 14, 2024

Padma Bank to merge with EXIM Bank: official 

Padma Bank, which has been struggling with the burden of toxic loans for years, will merge with EXIM Bank. It will be the first bank merger in Bangladesh

January 31, 2024
January 31, 2024

Padma Bank Chairman Chowdhury Nafeez Sarafat resigns

Bangladesh Bank today accepted his resignation letter.

October 8, 2023
October 8, 2023

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?

September 22, 2023
September 22, 2023

Climate funds perpetually stuck in a scam-ridden bank

How long till Farmers Bank pays back what’s due?

September 6, 2023
September 6, 2023

Padma Bank MD resigns

Tarek Reaz Khan, managing director of the embattled Padma Bank, has resigned from his post citing personal reasons.

August 23, 2023
August 23, 2023

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. 

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