The merger idea was floated after the IMF suggested that the central bank prepare a road map to reduce default loans as part of the conditions for its $4.7 billion loan package.
In fact, the reactions of the associated bankers and directors, circumstances centring the meetings where the decisions were taken alongside protests in one case confirmed that these had been decided by the government and relayed through the central bank.
Money deposited by individuals and institutions with banks, which have decided to go for mergers, will remain completely safe and secure, Bangladesh Bank said in a statement yesterday.
The board of directors of BDBL approved the merger plan in an emergency meeting on April 8, said Md Habibur Rahman Gazi, managing director and CEO of the bank.
Nurse Lal Somkim Bawm, wife of KNF chief, transferred to Lalmonirhat from Bandarban tbsnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tbsnews.net Daily Mail and Mail on Sunday newspapers.
Merging a weak bank with a strong bank without addressing the issues that caused the weak banks to fail in the first place might bring down both the banks
4 arrested, jeep seized over Bandarban bank robberies bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.
BASIC Bank to be merged with City Bank : State-owned and trouble-ridden BASIC Bank is expected to merge with City Bank — a development that comes less than a week after the government decided in principle to merge four state banks
Four people, including three members of the Bawm ethnic minority, have been arrested over the bank robberies in Bandarban’s Ruma and Thanchi Upazilas. A SUV has also been seized.
Three of them were arrested from the Reicha Checkpost area of the Bandarban-Chattogram road on Sunday night
Two KNF members detained, arms recovered in Bandarban's Ruma: ISPR bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.