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.
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
