The chairman of the private NCC Bank finally lost his position due to default. Abul Bashar. For the same reason, his father lost the position of director. Abdul Awal. On Thursday (October 17), the central bank has written to vacate the posts of two directors due to defaulted loans in ten banks and financial institutions in the name of Prime Group owned by them.
According to the rules, no one who is in default can become a director of the bank. There is also a provision to remove someone who is found to be a defaulter after taking office. However, they remained in office despite being defaulted by various tactics.
The Annual General Meeting (AGM) of NCC Bank was held on August 1. The minutes of the meeting were sent to the Central Bank on September 25 after a long month and 25 days.
