UNION BANK STAGES SIT-IN FOR RECOVERY OF DEFAULTED INVESTMENT
Tuesday, 14 January 2025
UNION BANK STAGES SIT-IN FOR RECOVERY OF DEFAULTED INVESTMENT
In an effort to increase customer confidence and strengthen its financial position, Union Bank PLC has launched several initiatives to recover defaulted investments. As part of this effort, executives and officers from the bank's head office and branches participated in a sit-in programme in front of the defaulting customer, Mazeda Fabrics Ltd, on Monday. The bank is seeking to recover dues amounting to over Tk 1.74 billion (Tk 174.58 crore). Mazeda Akhtar serves as the chairman, and Mashiur Rahman Bhuiyan is the Managing Director of the organisation.