Eastern Bank Limited was honored with the Global Brand Excellence Award for the second time The World Brand Congress. 

Ali Reza Iftekhar, Managing Director and CEO of the bank received the Award at a ceremony held in conjunction with World Brand Congress in Singapore recently. 

This year the award was given in ‘Brand Revitalization’ category in recognition to EBL’s sustainability in innovative branding, said a press release.

Islami Bank Training and Research Academy (IBTRA) arranged a 20-day foundation training course for 40 officers of Shahjalal Islami Bank Limited (SJIBL).

The inaugural ceremony of the course was held at IBTRA auditorium on Monday.

Mohammad Abdul Mannan, Managing Director of Islami Bank Bangladesh Limited, was present in the function as the chief guest while Farman R Chowdhury, Managing Director of Shahjalal Islami Bank as a special guest.

Presided over by IBBL Senior Vice-president and in-charge of IBTRA Mohammad Rokan Uddin, the function was attended by Md Setaur Rahman, DMD, and Md Nazimuddowla, Senior Vice-president of SJIBL, and Md Osman Goni and Saidur Rahman, Directors of IBTRA. — UNB

Indian police have arrested the chairman of the state-run Syndicate Bank over allegations he took bribes in exchange for loan extensions to private companies, a law enforcement official said Sunday.

The Central Bureau of Investigation (CBI) arrested Sudhir Kumar Jain in the southern city of Bangalore along with 11 others, including two directors of Delhi-based private firms, its spokeswoman said.

"We arrested him (Jain) late last night and he will be produced in court later today (Sunday)," the CBI's Kanchan Prasad told AFP.

The CBI, the country's top crime-fighting body, said it "laid a trap" and recovered five million rupees ($82,200) allegedly paid to Jain through middlemen by companies to win extensions on their loans.

The companies had been defaulting on loan repayments to the mid-sized bank amounting to tens of millions of rupees, the CBI said, adding that its investigation was ongoing.

A CBI statement said it had found "incriminating documents" related to the case after searching 20 places in four cities and had recovered cash, jewellery and property papers at Jain's residence.

The statement released late Saturday alleged Jain had given "undue favour to private companies by granting sanction to various financial proposals," both directly and through middlemen.

Jain's representatives could not be contacted for comment. In a similar case late last year, the CBI investigated a senior executive of India's top lender State Bank of India for allegedly taking bribes to sanction loans to a company.

Muhammed Ali, managing director of United Commercial Bank, has been awarded as the CEO of the Year at the Global Brand Excellence Awards.
World Brand Congress hosted the award ceremony in Singapore on Thursday, the bank said in a statement.
Moreover, UCash, the mobile financial service of UCB, has also been awarded in the category of “Effective use of marketing communication”.
Ali is a professional banker with 36 years of multi-dimensio-nal experience in banking and other fields of management.

Brac Bank has been awarded with 'Sustainable Marketing Excellence Award' from CMO Asia, as part of Global Brand Excellence Awards at a programme in Singapore on Thursday, the bank said in a statement.

Zeeshan Kingshuk Huq, head of communication and service quality of Brac Bank, received the award at the annual conference of brand gurus, it said.

The World Brand Congress is the single largest meeting of the brains behind some of the most successful and sought-after-brands in the world. This year's theme was Brands that Last: Role of Sustainability in Innovative Branding.

 “The prestigious award carries special significance for Brac Bank as it is the first brand award for us. The award puts Brac Bank in global spotlight in the arena of global acclaimed brands,” said Syed Mahbubur Rahman, managing director and chief executive of Brac Bank.