In a significant development within Bangladesh's banking sector, BASIC Bank is set to merge with City Bank, following a decision made during a Monday meeting between Bangladesh Bank Governor Abdur Rouf Talukder and top officials from City Bank. The meeting saw the presence of Aziz Al Kaiser, Chairman of City Bank,
Tag: BASIC Bank
BASIC Bank launches remittance software
State-owned BASIC Bank Limited has launched its own remittance software ‘REMIT365’ to encourage and make remittance collection easier and faster. BadreMunirFirdaus, Joint Secretary, Financial Institutions Division (FID), Ministry of Finance inaugurated the software as Chief Guest in a ceremony on Monday, 18 December at the bank’s head office in the
BASIC Bank signed APA with FID
State-owned BASIC Bank Limited signed an Annual Performance Agreement (APA) with the Financial Institutions Division (FID) of the Ministry of Finance for the financial year 2023-2024. Sheikh Mohammad Salim Ullah, Secretary of FID, and Md. Anisur Rahman, Managing Director & CEO of BASIC Bank signed the APA on Monday, 17
BB asks for actions by BASIC Bank to recover default loans
Bangladesh Bank has asked troubled BASIC Bank to make an action plan for the recovery of default loans and the funds that went out through lending irregularities. Central bank spokesman Mezbaul Haque said on Wednesday that Governor Abdur Rouf Talukder sat with the chairman, the managing director and other top executives
BASIC Bank signs APA with Finance Ministry
The state-owned BASIC Bank Limited has signed an Annual Performance Agreement (APA) with the Financial Institutions Division (FID) of the Ministry of Finance for the financial year 2022-2023. Sheikh Mohammad Salim Ullah, Secretary of FID and Md. Anisur Rahman, Managing Director & CEO of BASIC Bank signed the APA for
BASIC Bank signs APA for FY23
BASIC Bank inaugurates 4 Sub-branches
State owned BASIC Bank Limited has opened four sub-branches located at Uttarkhan, Dhaka; Buschi Bazar, Cumilla; Paisharhat, Barishal and Gaibandha. Prof. Dr. Abul Hashem, Chairman of BASIC Bank inaugurated the sub-branches through virtual platform as chief guest on Monday, 31 January, 2022. While Md. Razib Pervez, Dr. Nahid Hossain, Dr. Md. Abdul
Gazi Belayet Hossain, Begum Para and our media
There was a report published in a section of Dhaka-based newspapers in 2020 that created sensation among Bangladeshis and the Bangladeshi diaspora in Canada in particular. The report was about an expatriate Bangladeshi who reportedly fled to Canada stealing Tk 300 crore worth of money taken from BASIC Bank in
BASIC Bank opens new branch in Feni
State-owned BASIC Bank Limited opened its 13th sub-branch ‘Sonagazi Sub-branch’ at Sonagazi Upazila Muktijoddha Complex in Feni. Professor Dr. Abul Hashem, Chairman of the bank opened the sub-branch as chief guest on Thursday ( December 02). Managing Director and CEO of the bank, Md. Anisur Rahman presided over the function. Md.
BASIC Bank gets 3 new DMDs
Niranjan Chandra Debnath, Md. Abdur Rahim and Abu Md. Mofazzal has joined at BASIC Bank Limited as Deputy Managing Director (DMD) on Tuesday. A gazette notification was issued giving them promotion from General Manager (GM) to DMD on Monday, 01 November 2021 by the Financial Institution Division of Ministry of Finance,