According to Prothom Alo’s report, the fourth generation Padma Bank is going to merge with the private Exim Bank of Islamic style. This decision was taken unanimously in the Exim Bank Board of Directors meeting on Thursday (March 14).
A director of Exim Bank confirmed this information to Prothom Alo on condition of anonymity. He said, for the time being, it has been decided to merge the private Padma Bank with our bank. Soon this decision will be sent to Bangladesh Bank for approval. This decision will be implemented after the approval of the relevant regulatory bodies including Bangladesh Bank.
By infosecbulletin
/ Monday , December 23 2024
Splunk, a unified security and observability platform turn its focuses on Bangladeshi market. On Monday (23 December) Splunk's local partner...
Read More
By infosecbulletin
/ Sunday , December 22 2024
A major security flaw in Craft CMS, a popular PHP content management system, has been found, enabling unauthenticated remote code...
Read More
By infosecbulletin
/ Sunday , December 22 2024
Mastercard has completed its acquisition of Recorded Future, an AI-based threat intelligence provider. Mastercard has acquired the company for $2.65...
Read More
By infosecbulletin
/ Saturday , December 21 2024
CISA has released eight advisories on vulnerabilities in Industrial Control Systems (ICS). These vulnerabilities affect essential software and hardware in...
Read More
By infosecbulletin
/ Friday , December 20 2024
Bank Rakyat Indonesia (BRI), the largest state bank by assets, has assured customers that their data and funds are secure...
Read More
By infosecbulletin
/ Friday , December 20 2024
Cybersecurity researcher Jeremiah Fowler reported to Website Planet that he found a non-password-protected 1.2 TB dataset containing over 3 million...
Read More
By infosecbulletin
/ Friday , December 20 2024
Sophos has fixed three separate security vulnerabilities in Sophos Firewall. The vulnerabilities CVE-2024-12727, CVE-2024-12728, and CVE-2024-12729 present major risks, such...
Read More
By infosecbulletin
/ Thursday , December 19 2024
A time-demanding workshop on "Cybersecurity Awareness and Needs Analysis" was held on Thursday (December 19) at Bangladesh Bank Training Academy...
Read More
By infosecbulletin
/ Thursday , December 19 2024
Kaspersky's Global Emergency Response Team (GERT) found that attackers are exploiting a patched SQL injection vulnerability (CVE-2023-48788) in Fortinet FortiClient...
Read More
By infosecbulletin
/ Wednesday , December 18 2024
The US government is considering banning a well-known brand of Chinese-made home internet routers TP-Link due to concerns that they...
Read More
Bonikbarta said that Exim Bank is merging Padma Bank as the first bank in the country. The Board of Directors of Exim Bank has already approved the matter. Bangladesh Bank has also been informed about the merger of the two banks. Chairman of Exim Bank Nazrul Islam Mazumder confirmed the matter to bonikbarta.
A memorandum of understanding between the banks will be signed early next week at the central bank’s head office in the presence of Bangladesh Bank Governor Abdur Rauf Talukder to initiate the merger process.
Meanwhile, Bangladesh Bank spokesperson Mejbaul Haque recently said that the banks will have time till December to take voluntary merger steps. During this period, the banks themselves can decide who will merge with which. If not, the central bank will start this process in March. Spokesman and Executive Director Mazbul Haque also assured that the depositors will not be affected.
Source: Prothom Alo, Bonikbarta