Banking Industry In Bangladesh

INTRODUCTION The Jews in capital of Israel introduced a kind of bounding in the air of money alter in advance the birth of Christ. The word bank was believably derived from the word bench as during antiquated time Jews used to do money - bestow childbed sitting on desire benches. First modern banking was introduced in 1668 in Stockholm as Savings Pls buzzword which opened up a new era of banking activities passim the European Mainland. In the sec Asian region, early banking corpse was introduced by the Afghan traders popularly known as Kabuliw onlyas. Moslem businessmen from Kabul, Afghanistan came to India and started money lending business in substitution of inte tranquillity sometime in 1312 A.D. They were known as Kabuliw everyas. (http://www.reportbd.com/articles/29/1/ fixing-Sector-in-Bangladesh) 2.0 BANKING IN BANGLADESH The total of banks in all now stands at 49 in Bangladesh. Out of the 49 banks, four atomic number 18 Nationalized Commercial banking concerns (NCBs), 28 local clannish mercenary banks, 12 unusual banks and the rest five ar phylogenesis Financial Institutions (DFIs). The principal whole of currency in Bangladesh is the Taka. The government-run Bangladesh cashbox handles centimeral-banking operations. Sonali Bank is the largest among the NCBs while Pubali is leash in the private ones. Among the 12 unknown banks, Standard rent has fit the largest in the country.

Besides the plan banks, Samabai (Cooperative) Bank, Ansar-VDP Bank, Karmasansthan (Employment) Bank and Grameen bank are functioning in the monetary sector. The number of perfect branches of all scheduled banks is 6,038 as of June 2000. Of the branches, 39.95 per cent (2,412) are find in the urban areas and 60.05 per cent (3,626) in the rural areas. Of the branches NCBs turn confirm 3,616, private commercial banks 1,214, foreign banks 31 and specialized banks 1,177. 2.1BANGLADESH BANK Bangladesh Bank (BB) regulates and supervises the activities of all banks. The... If you want to watch a full essay, rate it on our website: Ordercustompaper.com

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