3 BASIC Bank branches barred from disbursing loans

3 BASIC Bank branches barred from disbursing loans

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The central bank has prohibited three BASIC Bank branches in the capital from disbursing loans on charges of irregularities and corruption.
The branches are Dilkusha, Shantinagar and Gulshan branches, a Bangladesh Bank spokesperson said on Monday.The central bank has prohibited three BASIC Bank branches in the capital Dhaka from disbursing loans on charges of irregularities and corruption.
The branches are in Dilkusha, Shantinagar and Gulshan.
Bangladesh Bank’s Executive Director M Mahfuzur Rahman said on Monday that the three branches had been barred from disbursing loans becuase of widespread irregularities.
“We have sent a letter to the bank to notify them of the matter,” he said.
The letter also said other branches of the bank would face similar actions if any irregularities were found.-bdnews24.com

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