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Dutch-Bangla Bank PLC. ( Bengali : ডাচ্-বাংলা ব্যাংক পিএলসি. ), one of the private commercial banks of Bangladesh, started its operation in Bangladesh as the first European joint venture bank. The bank was an effort by local shareholders spearheaded by Mr. M Sahabuddin Ahmed (Founder Chairman) and the Dutch financial company FMO .

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20-659: [REDACTED] Look up rupali in Wiktionary, the free dictionary. Rupali may refer to: Rupali Bank , a commercial bank in Bangladesh Rupali Akhter , Bangladeshi kabaddi player Rupali Bhosale , Indian television actress Rupali Ganguly (born 1977), Indian actress Rupali Krishnarao , Indian actress Rupali Repale (born 1982), Indian swimmer and triathlete See also [ edit ] All pages with titles containing Rupali Topics referred to by

40-480: A 11.68 billion taka loan to Mother Textile, a subsidiary of Euroasia Mattress , which defaulted in 1993. The Daily Star described the offer as "outrageous". Kazi Sanaul Haque was appointed the chairman of the bank. Rupali Bank gave loans to 11 companies, including Beacon Pharmaceuticals , Bashundhara Paper Mills , Mother Textile, violating rules of the bank. In 2021, Agrani Bank , Rupali, Sonali Bank Limited, and Janata Bank Limited, all state owned banks, paid

60-458: A 150 million taka corruption case. The issued the order on an appeal filed by AHM Bahauddin, managing director of Everest Holding and Technologies Limited, who had been sentenced life imprisonment in the embezzlement case. In August, Md Obayed Ullah Al Masud was made managing director of Rupali Bank from Sonali Bank and Rupali Bank managing director Md. Ataur Rahman Prodhan was made managing director of Sonali Bank. The Bank offered to reschedule

80-512: A High Court bench composed of Justices Moyeenul Islam Chowdhury and Justice J. B. M. Hassan in January 2018. In January 2019, Justices Md Nazrul Islam Takukder and K. M. Hafizul Alam of the High Court Division summoned S. M. Atiqur Rahman, general manager, Mohammad Ali, deputy general manager, and Md Abdus Samad Sarkar, principal officer of the bank after their names were exempted from

100-450: A capital shortfall of 1.45 billion taka. In November 2017, Bangladesh Industrial Finance Company could not return 317.3 million taka to Rupali Bank due to fund shortages. it became a shareholder of Padma Bank after the government used Rupali Bank and three other stated owned banks to injects funds into Padma Bank. The recruitment exam of the three state owned banks, Rupali, Sonali Bank Limited , and Janata Bank Limited were stayed by

120-520: A director had served more than 6 years in a row at the bank against its rules. Rupali Bank was of the opinion as a state owned Bank that rule did not apply to them. Bangladesh Bank removed him in 2005. Syed Muhammad Yunus, a tube well businessman, admitted to the Anti Corruption Commission that he embezzled 240 million taka from the bank with the help of Ibrahim. Rupali Bank signed an agreement with Arif Habib Securities Limited to explore

140-484: A fully owned subsidiary in 2010. In September 2015, a court in Dhaka ordered the bank to 600 thousand taka to a man runover and killed by a staff bus of the bank in 1996. In 2016, Rupali Bank's top loan defaulter was AHZ Agro. 10 branches of the bank made a loss in 2016. Rupali Bank had distributed 137.71 billion taka of which 15.49 billion taka was bad loans, defaulted, and 10.19 billion taka in loans were written. It had

160-706: A group of foreign hackers stole 1.6 million BDT from ATMs of Dutch-Bangla Bank in Dhaka. In June, it emerged that the bank lost 3 million USD to cyberattacks which also targeted NCC Bank Limited , and Prime Bank Limited . In July, Abedur Rashid Khan, a director of Dutch-Bangla Bank Limited, transferred his shares of bank to Horizon Associates. The Netherlands Development Finance Company sold their entire stake in Dutch-Bangla Bank in November 2019. Detective Branch arrested four people, including an IT personnel of Dutch-Bangla Bank Limited, for embezzling 25.7 million BDT from

180-469: Is different from Wikidata All article disambiguation pages All disambiguation pages Rupali Bank Rupali Bank PLC. ( Bengali : রূপালী ব্যাংক পিএলসি. ) is a state owned commercial bank in Bangladesh . Its headquarters is in 34 Dilkusha, Dhaka . Nazmul Huda is the chairman of the bank. Mohammad Jahangir is the managing director of the bank. Rupali Bank Limited was constituted with

200-567: Is listed with the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited . In November 2007, Md Yeasin Ali was reappointed managing director of Dutch-Bangla Bank Limited. Robbers in Gazipur stole 12 million BDT from an ATM of Dutch-Bangla Bank. Abul Kashem Md Shirin was appointed managing director of Dutch-Bangla Bank replacing KS Tabrez in November 2016. In June 2019,

220-456: The Government. Rupali Bank Limited emerged as the largest Public Limited Banking Company of the country on 14 December 1986. Rupali Bank automated its foreign exchange services in January 1999. From 1994 to 2003, Hafiz Ibrahim , member of parliament from Bhola served as the director of Rupali Bank Limited. He was re-elected to board in 2003 despite Bangladesh Bank seeking an explanation why

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240-623: The bank in June 2021. In 2022, Dutch-Bangla Bank was one of nine banks that held 60% of the excess liquidity in the Bangladeshi market. In March 2023, 112.5 million BDT from a transport van of the bank in Uttara Model Town . An agent banker of Dutch-Bangla disappeared from Kishoreganj District with 200 million BDT in clients money. DBBL maintains its own network and automation. DBBL has over 4,930 ATM's installed all over Bangladesh, making it

260-576: The bank. In June 2008, Bangladesh Bank refused to handle the privatization of Rupali Bank due to the large size of the Bank. A Saudi backed group had expressed interest in taking over the bank in 2006. More than 20 companies had expressed interest in buying Rupali Bank including Abu Dhabi United Group , Alliance Bank Malaysia Berhad , AmBank , Habib Bank Limited , ICICI Bank , State Bank of India , Melewar Industrial Group Berhad , and United Bank Limited . The bank established Rupali Investment Limited as

280-466: The bank. Anti Corruption Commission sued the former managing director of the bank, M Farid Uddin , and nine officials of the bank and HR Spinning Mills Limited for embezzling 1.48 billion taka from the bank. It was made a Critical Information Infrastructure by the government of Bangladesh under the Digital Security Act restricting access to information of the bank. It is one of banks financing

300-602: The gold refinery venture of Bashundhara Group . Dutch-Bangla Bank Limited Dutch-Bangla Bank PLC was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh in June 1996. It was a Dutch-Bangladesh joint venture and first Bangladeshi-European joint venture of bank in Bangladesh. DBBL commenced formal operation from June 3, 1996. The Bank

320-426: The highest bonus to their employees despite poor performance and against the recommendation of Bangladesh Bank. Dhaka Stock Exchange disclosed that Rupali Bank had insufficient capital to manage its risks in 2022. It was part of a syndicated 5.2 billion taka loan organized by Dhaka Bank Limited for Chandpur Power Generations Limited of Doreen Group . On 22 August, Mohammad Jahangir was appointed managing director of

340-612: The largest network in Bangladesh. On 10 October 2010, DBBL inaugurated its 1000th ATM at the factory premises of the GlaxoSmithKline, Chittagong. On 3 June 2010, Dutch Bangla Bank announced internet payments gateway system (Nexus Gateway). Using their Internet Payment Gateway merchants are able to charge their customers' Visa, Masters, DBBL Nexus and Maestro cards online. Presently DBBL has more than 400 e-commerce Merchants. Mobile Apps: DBBL Recently Launched Nexus Pay App For Their Customers. Dutch Bangla Bank supports social work and

360-465: The merger of 3 erstwhile commercial banks i.e. Muslim Commercial Bank Limited , Australasia Bank Limited and Standard Bank which operated in the then East Pakistan on 26 March 1972, under the Bangladesh Banks (Nationalization) Order 1972. Rupali Bank worked as a nationalized commercial bank until 13 December 1986. When the Bank went public but the majority of the shares are still retained by

380-626: The option of starting a joint venture in Pakistan in 2004. The bank's branch in Pakistan became a joint venture with Arif Habib Securities Limited in 2005. It received the Bangladesh Best IT Use Award sponsored by Dutch-Bangla Bank Limited and awarded by Bangladesh Association of Software and Information Services . Altaf Hossain Choudhury , Minister of Commerce had handed over the award to

400-466: The same term [REDACTED] This disambiguation page lists articles associated with the title Rupali . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Rupali&oldid=1216748907 " Categories : Disambiguation pages Disambiguation pages with given-name-holder lists Hidden categories: Short description

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