Padma Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
Reserve-rule violations and securities investigation
Padma Bank sought relief from a regulatory fine concerning reserve requirements, while the Bangladesh Securities and Exchange Commission investigated allegations involving the bank's funds and former leadership.
2018
Alleged embezzlement and money laundering
The Anti-Corruption Commission detained and charged several people in cases alleging that bank funds and loans had been embezzled or laundered.
2017
Liquidity and statutory-reserve crisis
The predecessor bank used security-deposit funds to repay interbank obligations and fell below mandatory liquidity requirements, prompting emergency central-bank support.
2016
Irregular loan distribution at The Farmers Bank
Bangladesh Bank appointed an observer after concerns that loans had been distributed irregularly, including allegations that lending procedures were not properly followed.