Janata Bank’s defaulted loans surged to a record Tk 67,300 crore by the end of last year, as politically exposed persons and business conglomerates became defaulters following the recent political changeover, reflecting the fragile condition of the state-run bank.
The S Alam Group concern owes Tk 1,777 crore to the state-owned bank
State-run Janata Bank has been partly exempted from the Bank Companies Act-1991 so that it can lend money to Beximco Group, a loan defaulter.
Beximco has sought support from the government to extend the repayment period of its liabilities to Janata Bank over the next 10 years, including a two-year moratorium.
As much as 90 percent of the loans disbursed by a branch of state-run Janata Bank was for S Alam Group, in yet another instance of how the Chattogram-based business giant exerted its influence on the country’s banking sector.
What is the purpose of a single borrower exposure limit? It is to ensure that a bank’s fortune is not tied to the ebb and flow of a conglomerate’s business.
The state-owned bank's failure to meet any of the performance targets set by the central bank raises a red flag.
In the banking sector of Bangladesh, exemptions from rules and regulations for powerful loan defaulters seem to be the default rules.
Janata Bank must answer for its poor handling of AnonTex’s loans
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.
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.
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.
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.
Finance Minister AMA Muhith yesterday said necessary steps will be taken regarding the alleged loan irregularities at state-owned Janata Bank.
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.
Jatiya Party Chairman HM Ershad says the money of the general people of the country is being looted indiscriminately.
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.
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.
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.
