Bangladesh Bank has issued regulations stating that the Managing Directors (MDs) and Deputy Managing Directors (DMDs) of the weaker banks involved in the merger will lose their jobs. This was announced on Thursday, April 4th.
The director of the struggling bank resulting from the merger cannot hold any director position in another bank for 5 years. Four annexures on various topics are provided with the policy.
By infosecbulletin
/ Tuesday , May 14 2024
On Tuesday (14.05.2024) Bangladesh Bank spokesperson Majbaul Haque said to media that the information published in the report is completely...
Read More
By infosecbulletin
/ Monday , May 13 2024
The banking industry in Bangladesh is the core driver in economic development of the country. The focus on inclusion and...
Read More
By infosecbulletin
/ Monday , May 13 2024
Fortinet reported that in the second half of 2023, the average time form the disclosure of a vulnerability to its...
Read More
By infosecbulletin
/ Sunday , May 12 2024
Indian government websites have been used by scammers to place ads that send visitors to online betting sites. TechCrunch found...
Read More
By infosecbulletin
/ Sunday , May 12 2024
Ransomware damage costs are predicted to exceed $265 billion by 2031, and it is expected to be the fastest growing...
Read More
By infosecbulletin
/ Saturday , May 11 2024
CISA, FBI, HHS, and MS-ISAC released a joint Cybersecurity Advisory called #StopRansomware: Black Basta. It provides tactics, techniques, procedures, and...
Read More
By infosecbulletin
/ Saturday , May 11 2024
According to cybersecurity analysts at Dragos, while cloud adoption offers many benefits for industrial companies , it also poses certain...
Read More
By infosecbulletin
/ Friday , May 10 2024
Google released an urgent security update for Chrome browser. The update fixes a critical vulnerability that is already being exploited...
Read More
By infosecbulletin
/ Friday , May 10 2024
A security breach has been reported, with a threat actor claiming to be selling a database with 49 million customer...
Read More
By infosecbulletin
/ Thursday , May 9 2024
Eclypsium recently found flaws in F5’s BIG-IP Next Central Manager, which could let attackers take control of the network. BIG-IP...
Read More
Banks in poor condition will be merged if they don’t do it voluntarily. They must sign a memorandum of understanding before the merger. A detailed plan, including repayment plans for depositors, creditors, and investors, must be submitted.
Bangladesh Bank will use external auditors to assess the bank’s financial situation. After completing the necessary steps, the final merger application must be submitted to the court.