Annotex Group, an export-oriented company, will pay off Janata Bank's Tk 4900 crore in the next two years by selling a large amount of mortgaged land. Based on the agreement between the bank, the borrower and the buyer, the amount owed will be collected within two years from the deposit of
Tag: Janata Bank
Janata Bank reels under low capital, high NPL
The state-owned Janata Bank is reeling under high non-performing loans (NPL) as well as capital and provisioning shortfall, official sources said. At the end of March 2022, the defaulted loans of Janata Bank stood at Tk 13,125 crore, which was 19.10 percent of the total outstanding loan of the bank worth
Janata Bank stands by poor in month of mourning
State-run Janata Bank has stood by poor marking the month of mourning especially who becomes income less amid corona virus pandemic. Janata Bank Managing Director Abdus Salam Azad was present as the chief guest at the function organized by Janata Bank Democratic Employees Union in front of its head office in
