The Social Islami Bank LTD (SIBL) – a second-generation commercial bank – has hidden a defaulted loan amount of Tk 7924 crore to Bangladesh Bank (BB).
A central bank deputy governor who also resigned on Monday cooperated with the SIBL to hide the large volume of defaulted loans.
Apart from this, the bank owned by S Alam Group is not able to declare dividends as a result of a shortfall in provision. A confidential report from the BB revealed such terrible information.
Reflecting on a shared vision of strengthening the country digital landscape of financial transactions, United Commercial Bank PLC (UCB), one of the largest first-generation banks of Bangladesh, has signed a strategic alliance agreement of Payment Gateway Services with Ryans Computer, a household name in computer retailing. This strategic alliance is poised to ensure a seamless and secure payment solution under UCB advanced and reliable payment gateway services and enable customers to make payments more conveniently while purchasing from Ryans Computer.
Mohammad Shafiqur Rahman, Head of Retail Business Division of UCB, and Ahmed Hasan, Managing Director of Ryans Computers Limited, signed the agreement on behalf of their respective organizations. The signing ceremony was recently held at UCB head office.
Of late, fast-growing mobile financial service provider upay has introduced an MFS co-branded prepaid card, in collaboration with United Commercial Bank PLC, offering a world of convenience and rewards to its customers. In this month of Ramadan and ahead of Eid-ul-Fitr, upay has come up with attractive Buy One Get One & discount offers to make this month all the more rewarding.
The time of shopping bonanza & eating-out after Iftar is back again. People shop for their near ones in this month to share happiness. To be a part of this tradition of sharing happiness, upay has brought in multiple discounts offer in different categories along with Buy One Get One offers for the customers so that they can enjoy more shopping with less money. Customer can enjoy the buy one get one offer from more than 20 restaurants during Ramadan with UCB-upay Co-Branded Prepaid Card.
The discount offer includes a wide range of merchant shops and category. More than 1900 merchant partners (including restaurants, clothing brands, health & wellness section, gadgets, jewelry etc.) are covered under this offer. UCB-upay co-branded prepaid card holders can enjoy various discount offers including a discount up to 25 per cent while purchasing from these shops. They will also get a cash reward of up to Tk 600 in 6 months (max Tk 100 each month) if they make a transaction of BDT 10,000 or higher in six consecutive months after the card activation.
Bangladesh Bank (BB) has issued new guidelines tightening the rules of appointing bank directors to ensure good governance in the banking sector.
The step has been taken in line with the Bank Company (Amendment) Act, 2023, a BB circular said today.
As per the guidelines, the minimum age of a director will be 30. Previously, there was no such limit.