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The President of the COUNCIL is the Honorable Governor of Bangladesh Bank. The Vice-President is the CEO & Managing Director of Sonali Bank PLC, the largest state-owned commercial bank operating in Bangladesh. The Chief Executive Officer/ Director General of IBB will be appointed by the COUNCIL for 02 (two) years on contractual basis.
It was one of nine banks making a loss in the first quarter of 2021 in Bangladesh. [20] It had the highest loss at 7.74 billion taka. [20] The other banks were BASIC Bank Limited, Bangladesh Commerce Bank Limited, Bangladesh Development Bank, ICB Islamic Bank, Meghna Bank, NRB Bank, Padma Bank Limited, and Rajshahi Krishi Unnayan Bank. [20]
Migrants Bangladeshis were demanding such type of bank since 1990s. However, Md. Bayazid Sarker an economist and Central Bank official of Bangladesh first develop a theoretical structure of the bank and officially floated the idea in his research paper titled "Alternative Resource of World Bank for External Financing in Bangladesh: A Foreign Remittance Approach" on 15 December 2007 in Dhaka. [5]
On 7 April 1972, after the Bangladesh Liberation War and the eventual independence of Bangladesh, the Government of Bangladesh passed the Bangladesh Bank Order, (P.O. No. 127 of 1972), reorganising the Dhaka branch of the State Bank of Pakistan as Bangladesh Bank, the country's central bank and apex regulatory body for the country's monetary and financial system.
On 5 September 2021, Bangladesh Securities and Exchange Commission approved the Union Bank PLC plan to go for IPO. [8] Union Bank 4.28 billion taka from the stock market which would make it the fourth largest IPO in the history of Bangladesh and the largest for the banking sector in the country. [8] [9]
The Bangladesh Bank robbery, also known colloquially as the Bangladesh Bank cyber heist, [1] was a theft that took place in February 2016. Thirty-five fraudulent instructions were issued by security hackers via the SWIFT network to illegally transfer close to US$1 billion from the Federal Reserve Bank of New York account belonging to Bangladesh ...
The National Eligibility cum Entrance Test (Undergraduate) or NEET (UG), formerly the All India Pre-Medical Test (AIPMT), is an Indian nationwide entrance examination conducted by the National Testing Agency (NTA) for admission in undergraduate medical programs. [3]
The Bangladesh High Court denied bail to a former VP of the bank on accusations of embezzling 220 million BDT from the bank. [14] Two officials of the bank were detained for misappropriating 37.7 million BDT from Dhaka Bank. [15] Abdul Hai Sarker was re-elected chairman of Dhaka Bank Limited in July 2021. [16]