Janata Bank
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’s profit tumbles
The bank's profit fell 55.5% year-on-year to Tk 80.89 crore in 2022
Bangladesh Bank looked away as tycoons borrowed at will from 2 banks
On edge -- is what best describes the sensation surrounding the banking sector. But the Bangladesh Bank higher-ups were warned as early as October 2021 that such a situation might transpire. Yet, no definitive action was taken then.
Bank cashier held for Tk 2 crore embezzlement
Police arrest a cashier of Janata Bank in Noakhali on charge of misappropriating nearly Tk two crore.
Sonali, Janata banks get new chairmen
Two state-owned banks -- Sonali Bank and Janata Bank -- get new chairmen, according to a letter issued by the finance ministry.
AnonTex riding on BB favours
Bangladesh Bank has given AnonTex, which took more than Tk 5,500 crore from Janata Bank through serious irregularities, a controversial permission to take more loans from other state-owned banks as well, reschedule its loans and valuate its assets afresh to make it look like a healthy company.
Question for regulators to answer
According to the findings of multiple Bangladesh Bank investigations, Janata Bank has been granting undue favour to yet another big borrower breaking all sorts of banking rules. The borrower, Thermax, was granted these privileges despite paying only a fraction of its previous dues which now stand at a staggering Tk 1,230 crore.
Janata now goes for auction
Saddled with Tk 8,300 crore loans to two business groups, most of which have gone bad, Janata Bank has moved to auction property and goods of one -- Crescent Group.
Ghosts within Janata Bank
Everything is happening at Janata Bank, and in the latest case it deliberately did not mark Tk 2,643 crore of its Tk 5,508 crore loans given to a single group -- AnonTex -- as classified, ignoring Bangladesh Bank's instructions.
Retake Janata Bank recruitment test: HC
The High Court cancels the written examination, held on April 21 last year, for the recruitment of executive officer of Janata Bank for question paper leak.
State Banks: Plundering made easy
Seven months after the government announced a Tk 2,000 crore “recapitalisation” of state-owned banks, the financial institutions have started asking for fresh money from the government. This time their demand is much higher -- a little over Tk 20,000 crore -- than what they were given in the budget for this year.
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.
