Padma Bank PLC, formerly Farmers Bank, has been struggling
for the past 10 years. The bank has been caught in a liquidity crisis since
then. Despite various measures taken over the years, there has been no
improvement. Instead, its sponsors took loans indiscriminately under different
names. Minimum regulations were not followed and the bank was subjected to
widespread embezzlement.
To rescue the bank from this fragile situation, its name was
changed to Padma seven years ago. At the direct...
