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How S Alam seized control of SIBL with the help of intelligence agency
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Investigation is my foremost interest

Md Mehedi Hasan

Investigation is my foremost interest

Md Mehedi Hasan, Bangladeshi investigative journalist covering financial crimes especially in banking industry. Currently, working at The Daily Star as senior staff reporter with more than eight years of experience in the field of journalism.

s alam grabbing sibl.png

Investigation / From intelligence office to Westin: How S Alam took over SIBL in a day

11 May 2026, 22:30 PM
Those taken to the DGFI office said the day’s operations centred on one man: S Alam, a feared figure during the AL’s 2009–2024 rule due to his ties to Sheikh Hasina and her family
11 May 2026, 22:30 PM
Social Islami Bank merger latest news Bangladesh

Ex-owners unlikely to regain SIBL control as merger continues

8 May 2026, 00:00 AM
The Bangladesh Bank (BB) has decided in principle to reject a bid by former owners of troubled Social Islami Bank PLC to reclaim control, as the banking regulator moves ahead with the merger of five shariah-based banks, according to top BB officials.
8 May 2026, 00:00 AM
Bangladesh Bank reserve heist case update 2026

Defaulters to be barred from BB’s factory reopening fund

6 May 2026, 00:00 AM
Money launderers, scammers and wilful defaulters will not be eligible for a Tk 20,000 crore refinance fund being prepared by the central bank to restart fully or partially closed factories, according to Bangladesh Bank (BB) officials.
6 May 2026, 00:00 AM
janakantha.png

Janata Bank to auction Globe Janakantha assets

5 May 2026, 11:35 AM
State-owned Janata Bank has issued an auction notice to sell the assets of Globe Janakantha, including the 15-storey Janakantha Bhaban in the capital, as it seeks to recover Tk 215 crore in defaulted loans
5 May 2026, 11:35 AM
Globe-Janakantha.jpg

Janata to auction Globe Janakantha assets

5 May 2026, 00:00 AM
State-owned Janata Bank has issued an auction notice to sell the assets of Globe Janakantha, including the 15-storey Janakantha Bhaban in the capital, as it seeks to recover Tk 215 crore in defaulted loans.
5 May 2026, 00:00 AM
Bangladesh Bank reserve heist case update 2026

BB readying Tk 20,000cr factory revival fund

4 May 2026, 00:00 AM
The central bank is likely to introduce a Tk 15,000 crore to Tk 20,000 crore low-cost fund to help revive closed factories in the country.
4 May 2026, 00:00 AM
banks unable to pay dividends 2026 Bangladesh

More than half of local banks ineligible for dividend payouts

1 May 2026, 00:00 AM
More than half of the country’s scheduled banks will not be able to pay dividends this year, as rising bad loans and provisioning shortfalls continue to erode their financial strength.
1 May 2026, 00:00 AM
Eric-Robertsen.jpg

Global and energy shocks to weigh on Bangladesh economy

23 April 2026, 00:00 AM
Bangladesh’s economy is facing renewed pressure from global geopolitical tensions and commodity market disruptions, with risks of elevated inflation, slower growth and mounting fiscal strain, according to Eric Robertsen, global head of research and chief strategist at Standard Chartered.
23 April 2026, 00:00 AM
Fruit-imports.jpg

Fruit imports face curbs despite dollar relief

The dollar crisis has eased. Foreign exchange reserves have improved from the lows seen four years ago. But imported fruits still face a 100 percent cash margin for opening letters of credit (LCs).
25 February 2026, 00:00 AM
fruit-market-palash-khan.jpg

Fruit imports face curbs despite dollar relief

Although foreign currency pressures have eased, 100% cash margin requirements keep supply tight and prices high
24 February 2026, 22:43 PM
Bangladesh Bank administrative reform

BB trims executive director posts despite discontent

The Bangladesh Bank (BB) has begun reducing the number of executive director posts -- a senior management position that often leads to top-level contractual government appointments -- in phases, causing dissatisfaction among officials.
24 February 2026, 00:00 AM
Bangladesh banking crisis 2026

Broken trust: New govt faces battle to clean up banks

Faruk Hasan lies bedridden in his home, recovering from bypass surgery. The 64-year-old heart patient needs regular medication to stay alive, but he cannot access the money to pay for it. His life savings -- Tk 80 lakh in fixed deposits -- remain frozen at Aviva Finance, a financial institution now on the verge of liquidation.
16 February 2026, 00:00 AM
bangladesh bank reform.png

Governor’s Bangladesh Bank reform mission stalls

Ahsan Mansur’s planned ordinance gets stuck
10 February 2026, 02:55 AM
Banks open before Eid-ul-Azha 2026

Tight monetary policy likely to continue

Bangladesh Bank (BB) is set to announce its monetary policy for January-June of the current fiscal year today, just two days before the national election.
9 February 2026, 00:00 AM
bb.jpg

BB autonomy deadlocked as interim govt nears end

Authorities tell IMF new govt will take key decisions as an economist says issue is about control, not policy substance
1 February 2026, 00:00 AM
Bangladesh NBFIs bad loan ratio 2025

Six NBFIs finally set for liquidation, three get time to recover

Six non-bank financial institutions (NBFIs) out of 35 are set to be liquidated finally due to poor financial health, after the Bangladesh Bank (BB) board approved the move yesterday.
28 January 2026, 00:00 AM
Bangladesh Bank new bonus rules

Six NBFIs finally set for liquidation, three get time to recover

BB to seek Tk 3,000cr from finance ministry for depositors
27 January 2026, 22:28 PM
Bangladesh NBFIs bad loan ratio 2025

Bangladesh Bank begins liquidation hearings with nine NBFIs

At the hearings, the NBFIs will have to explain why they should not be placed into liquidation
21 January 2026, 14:00 PM
Trend of inflation in Bangladesh

Stubborn and sticky: Why inflation defies monetary tightening

The Bangladesh Bank (BB) is grappling with an obstinate economic reality: inflation.
21 January 2026, 00:00 AM
BB-sticks.jpg

BB reluctant to allow profit payouts for five Shariah banks

The Bangladesh Bank (BB) will not change its decision about paying no profits on deposits for 2024 and 2025 at five shariah-based banks now undergoing a merger, even as depositors staged protests at a number of branches.
19 January 2026, 00:00 AM
Bank Loan Scam Impact On Depositors

Depositors bear the brunt of loan scams

The regulator supervises 61 banks and 35 NBFIs
16 January 2026, 00:00 AM
premier-bank.jpg

From 10%, Premier Bank’s default loans jump to 42% in a year

The jump in bad loans forced the commercial lender to make heavy provisions
13 January 2026, 00:36 AM
EC cancels contract with Bangladesh Computer Council

Legal loopholes allow defaulters to stay in race

If loan defaulters continue to receive such advantages in all areas, it will have negative consequences, especially in a national election, said experts and analysts.
6 January 2026, 18:00 PM
Infographic: Bangladesh external balance 2025

2025 brings calm to external balance sheet, not to businesses

In 2025, some macroeconomic indicators improved, but the mood on the ground did not.
29 December 2025, 18:00 PM
Bangladesh banking sector crisis 2025

Banking crisis laid bare in 2025, lasting fixes hinge on next govt

When bankers entered the new year and opened their books for 2025, many quickly realised that the scale of long-buried damage was too large to hide any longer.
25 December 2025, 18:00 PM
Infographics: National Bank's Bad Loans Spike

National Bank’s bad loans climb to 75%

Nearly three out of every four taka lent by National Bank has now gone unpaid, according to the central bank, after stay orders that had long protected several large borrowers were lifted in recent months.
23 December 2025, 18:00 PM
Bangladesh's banking sector

One-third of local private banks keep NPLs below 10%

Seventeen lenders keep healthier balance sheets amid rising industry bad loans
14 December 2025, 18:36 PM
State-owned banks bad loans Bangladesh

Janata Bank struggles while Sonali recovers

Biannual report to BB shows Sonali Bank’s strong liquidity and asset quality
13 December 2025, 18:00 PM

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