Basic Bank
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
Anti-corruption day: Cases filed, but no progress in probes
Several big loan scams in the banking and financial sectors came to the fore in the last decade and the Anti-Corruption Commission (ACC) has done its job by filing cases. But, no progress is apparent.
BASIC Bank loan scams: ‘A drama is all we’re watching’
The High Court yesterday expressed disappointment at the embezzlement of large amounts of money from the state-run Basic Bank and the Anti-Corruption Commission’s failure to press charges in any of the 56 cases filed over the bank’s loan scams in the last seven years.
HC stays BASIC Bank circular on reducing employees’ salary structure
The High Court stays for four weeks the effectiveness of a circular issued by the BASIC Bank authorities on reducing the salary structure of its employees.
BASIC Bank staff confine board members for 4 hrs
A section of employees of BASIC Bank confines board members of the bank for nearly four hours demanding reinstatement of the previous salary structure.
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.
Why not implicate Bacchu?
The Basic Bank money scam is one of the biggest examples of corruption in the country. Under Mr. Abdul Hye Bacchu's chairmanship...
Why BASIC Bank’s Bacchu not implicated: HC
High Court issues a rule asking why BASIC Bank’s former chairman Sheikh Abdul Hye Bacchu will not be implicated in cases filed over loan scam worth Tk 154 crore.
BASIC Bank scam: ACC files 23 more cases
The Anti-Corruption Commission (ACC) is going to file 23 more cases in connection with the Tk 5,000-crore BASIC Bank scam between 2010 and 2013.
BASIC Bank scam: ACC files 18 cases
Anti-Corruption Commission files a total of 18 cases with three police stations in Dhaka in connection with alleged irregularities and corruption at BASIC Bank.
1.78 lakh loan defaulters: Muhith
Finance Minister AMA Muhith says at the parliament that the total number of loan defaulters in the country was around 1.78 lakh as of June according to Bangladesh Credit Information Bureau.
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.
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.
