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NRBC Bank PLC. announced plans to go for initial public offering in February 2021. [20] Asia Frontier Capital Limited and Asian Tiger Capital Partners were the IPO managers of the bank. [5] NRBC Bank PLC. would be the first bank in 12 years to go for IPO in Bangladesh. [5] Golam Awalia was appointed the CEO and managing director of the bank in ...
The Institute of Bankers was registered on the 6 February 1973 as an association under the Societies Registration Act, 1660 (Act No. XXI of 1660). [2] Before that some eminent bankers and other professionals decided, in a meeting held on 26 July 1972, to establish the institute as a professional body of banks and financial institutions in Bangladesh.
In November 2021, the chairman of Bangladesh Securities and Exchange Commission, Shibli Rubayat Ul Islam, ordered an audit of the institute's activities from 2013 to 2021. [16] Peoples Leasing and Financial Services Limited in November 2021 without any notice started returning the money of depositors aged over 75. [17]
In September 2021, a special internal audit of NRB Bank found that the bank engaged in "unethical" investments in the stock marketing causing harm to both the bank, a loss of 1.03 billion taka, and the stock market. [13] [14] Bangladesh Bank finned the bank 4.9 million taka over the investments and market manipulation.
In 2015, Bangladesh Anti Corruption Commission sued Bismillah Group’s Managing Director Khaza Solaiman Anwar Chowdhury for embezzling 1.1 billion Taka from Shahjalal Islami Bank Limited and 14 others including four employees of the bank. [8] In June, AK Azad, chairman of Ha-Meem Group, was elected chairman of Shahjalal Islami Bank Limited. [9]
Bangladesh Academy for Securities Market (BASM) was established in July 2019 as the academic unit of Bangladesh Securities and Exchange Commission. [11] Two professors of the University of Dhaka, Shaikh Shamsuddin Ahmed and Mizanur Rahman, were appointed commissioners of Bangladesh Securities and Exchange Commission on 20 May 2020 for 4 years. [12]
In June, Zahur Ullah, was appointed vice-chairman of One Bank Limited. [17] On 23 December 2021, Md Monzur Mofiz was appointed managing director of One Bank Limited. [18] In July 2020, Bangladesh Bank has removed HRC Group Chairman Sayeed Hossain Chowdhury from the post of chairman of One Bank over loan delinquency on a loan from Standard Bank ...
Offshore Banking Operation (OBO) was first introduced by Bangladesh Bank in 1985 through a circular for allowing active foreign financing at Export Processing Zones (EPZs). Banks operated the services with Bangladesh Bank approval without any separate law for an offshore banking system until the enactment of the Offshore Banking Act, 2024.