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- Organization: Padma bank
- Company Details: To Know About Company -> See Below
- Position :
- Executive Office / SEO
- Total Post: 20
- Qualification: Click Here To See The Circular
- Salary: Click Here To See The Circular
- Dead Line: 15th July 2022
Padma bank
Padma Bank Limited, formerly known as The Farmers Bank Limited, is a private commercial bank headquartered in Gulshan-1, Dhaka, Bangladesh. The bank was established in 2013. The fourth-generation bank commenced its banking operation on June 3, 2013. By an order On 29 January, 2019 Bangladesh Bank changed the name of The Farmers Bank Limited to Padma Bank Limited after the bank failed to pay its liabilities due to numerous bad loans and embezzlements.
Chowdhury Nafeez Sarafat is the Chairperson of Padma Bank Limited.
Farmers Bank Limited was established in 2013 and was granted a license due to the political links of its founder Muhiuddin Khan Alamgir.
In January 2016, Bangladesh Bank appointed an observer to The Farmers Bank Limited which had found evidence of irregularities with the distribution of 4 billion taka loans.
Farmers Bank used its security deposit money with Bangladesh Bank to pay back interbank short-term loans to four banks for a total of 7 billion takas in December 2017. This resulted in Farmers Bank falling short of the Mandatory Statutory Liquidity Requirement. The four banks were Agrani Bank Limited, Janata Bank Limited, Sonali Bank Limited, and NRB Bank Limited. Farmers Bank distributed loans to companies that never filed a loan application. The Bank distributed loans before their approval. By 2017, the bank was virtually broke according to The Daily Star.
Padma bank career
About Company
