A task force formed to reform the banking sector in Bangladesh has initiated a financial investigation into six banks entangled in loan scandals. The banks under scrutiny are First Security Islami Bank, EXIM Bank, Global Islami Bank, Social Islami Bank Limited, ICB Islamic Bank, and Union Bank Limited, as per a bdnews24.com report. He added that members of two international audit firms would soon join the six-strong task force team. According to a senior official at Bangladesh Bank, the task force started its audit in the banks on Monday. The official added that the central bank’s inspection teams would uncover irregularities in loan disbursement, and their reports would be coordinated with the task force.

Source: bd News24 January 08, 2025 03:11 UTC