Padma Bank
Bank in Bangladesh
Padma Bank PLC. is a private commercial bank headquartered in Gulshan, Dhaka, Bangladesh. The bank was established in 2013. The fourth-generation bank commenced its banking operation on June 3, 2013. By an order on January 29, 2019, Bangladesh Bank changed the name of The Farmers Bank Limited to Padma Bank Limited after the bank failed to pay its liabilities due to numerous bad loans and embezzlements.
History
The Farmers Bank Limited was established in 2013 and was granted a licence due to the political links of its founder Muhiuddin Khan Alamgir.
In January 2016, Bangladesh Bank appointed an observer to The Farmers Bank Limited who had found evidence of irregularities with the distribution of 4 billion taka loans.
Farmers Bank used its security deposit money with Bangladesh Bank to payback interbank short-term loans to four banks for a total of 7 billion taka in December 2017. This resulted in Farmers Bank falling short of the Mandatory Statutory Liquidity Requirement. The four banks were Agrani Bank Limited, Janata Bank Limited, Sonali Bank Limited, and NRB Bank Limited. Farmers Bank distributed loans to companies that never filed a loan application.
This brief starts where responsible research should: with the source description of “Padma Bank” as bank in Bangladesh. Everything that follows is an evidence route, not borrowed authority.
Why this record matters
The subject matters to the general reference register because the source frames it as bank in Bangladesh. Its deeper value depends on whether names, dates, institutions and citations support that framing.
Vocabulary and entity names are the principal evidence signals here, because they determine the precision of every later search. The source revision retrieved here is dated Sep 7, 2026. The linked authority identifier is Q30135188. None of the 0 selected statements returned an explicit reference. The first chronological checks are 2013, 2019, 2016 and 2017.
The absence of detail may reflect summary conventions rather than a lack of surviving documentation. The lead is largely declarative, so disagreement and counter-evidence require a deliberate search beyond the opening account. Authority statements aid reconciliation but still require their own references, qualifiers and ranks to be checked.
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This entry incorporates text from “Padma Bank” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.