Risk Management in Banking: NCC Bank Scams, Bangladesh Bank Heist

This term paper, prepared for a Risk Management in Banking course at the University of Dhaka, examines significant banking scams and irregularities in Bangladesh. It focuses on the NCC Bank scams, the Bangladesh Bank heist, and the Crescent Group scam with Janata Bank. The report delves into the root causes of these scams, including poor regulations, corporate governance failures, and lack of supervision, as well as their economic and social impacts. It provides detailed analyses of each case, exploring issues such as related party lending, single borrower exposure, collateral irregularities, and inconsistencies in loan utilization. The paper concludes with recommendations for addressing these issues, emphasizing the need for stricter measures to curb anomalies within the banking sector and restore public confidence. The report is a comprehensive analysis of the banking sector's vulnerabilities and the importance of robust risk management practices.