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Job Circular: Management Trainee Recruitment at IPDC Finance Ltd.
IPDC Finance Limited (IPDC) is Bangladesh’s first private sector financial institution established in 1981. Today, IPDC is the fastest growing financial institution with strongest balance sheet, catering to Corporate, SME and Retail market segments. In line with the business expansion plans currently underway, IPDC is seeking recruitment for young and energetic candidates as Management Trainee who can add value to the journey to live unbound. Management Trainee Job Context The Management Trainee program is a challenging opportunity for those …
Wilful Defaulters Cannot be Directors for 5 Years After Clearing Name
The finance ministry has prepared a revised draft of the Bank Company Act, adding a new provision that wilful defaulters cannot be directors of any bank or non-bank financial institution for a maximum of five years after they are exempted from loan default. The previous draft mentioned a ban on such defaulters from traveling abroad in business class. This time, it has been made stricter. According to the revised draft, wilful defaulters will not be allowed to travel abroad at all. Also, the ban on them from registering their homes, cars, and …
BB Issued Circular Regarding Not to Enhance Moratorium Due to Covid
The loan moratorium facility to cushion the Covid-19 fallout ended on 1 January this year, resuming the classification of loans. The central bank's Banking Regulation and Policy Department (BRPD) issued a circular during this regard Sunday. Due to the pandemic, borrowers didn't need to repay loan installments from January to December 2020, and loan classification was paused. Though the moratorium has ended, the Bangladesh Bank has relaxed the repayment of term loans. Borrowers for term loans will get 50% extra time to repay the install…
Job Circular: Management Trainee Officer & Experienced Banker Recruitment at South Bangla Agriculture & Commerce Bank Ltd.
South Bangla Agriculture and Commerce (SBAC) Banh Limited is a prominent 4th generation bank with a vast network of 83 Branches & 11 Sub Branches across the country with all latest amenities. From our inception in 2013, we have been crossing every milestone of success and heading towards growth with full speed. We need some smart, experienced, goal-oriented, self-motivated and versatile leaders as well as some fresh, talented, energetic Faces to join our race and accelerate our growth. In this regard, we are looking For Fresh Graduates a…
Proposed Law on Movable Assets as Collateral
Banks want collateral of immovable properties apart from the primary securities. However, the government is going to introduce a new law as an alternative to this collateral. This type of collateral can be used when the borrower has no enough immovable assets to cover the loan facilities. This type of collateral will include raw materials for export products, work orders, precious metals such as gold, certificates of deposits in banks and financial institutions, and fruit-bearing trees. Financial Institutions Division has published the draft …
