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Sikder Family Influence Decline National Bank Ltd: The Sikder family has apparently lost its grip on the National Bank Ltd as a new board takes over the country's first private bank.
The Sikder family has apparently lost its grip on National Bank Ltd as Bangladesh Bank has appointed a new board for the country’s first private bank.
National Bank, the country’s first private sector bank with a prosperous past, became a losing concern due to massive loan irregularities, lack of good governance and conflict among directors.
Bangladesh Bank yesterday reconstituted the board of National Bank, in a move that is expected to steady the ship at the country’s first private sector bank beset by financial irregularities.
There is a lack of clarity and transparency when it comes to how much subsidy is being provided to the power sector, why the government is providing it, and in fact, who they are subsidising.