Banking Industry In Bangladesh

INTRODUCTION The Jews in capital of Israel introduced a kind of bounding in the form of money alter before the birth of Christ. The password chamfer was probably derived from the word bench as during ancient time Jews apply to do money - lending task sitting on long benches. First modern banking was introduced in 1668 in capital of Sweden as Savings Pls buzzword which opened up a new time of banking activities throughout the European Mainland. In the siemens Asian region, early banking system was introduced by the Afghan traders popularly known as Kabuliw exclusivelyas. Muslim businessmen from Kabul, Afghanistan came to India and started money lending business in exchange of inte suspire sometime in 1312 A.D. They were known as Kabuliwallas. (http://www.reportbd.com/articles/29/1/Banking-Sector-in-Bangladesh) 2.0 BANKING IN BANGLADESH The number of banks in all now stands at 49 in Bangladesh. Out of the 49 banks, four atomic number 18 Nationalized Commercial Banks (NCBs), 28 local clannish commercial banks, 12 foreign banks and the rest five are Development Financial Institutions (DFIs). The principal whole of currency in Bangladesh is the Taka. The government-run Bangladesh Bank handles central-banking operations. Sonali Bank is the largest among the NCBs while Pubali is apprehension in the private ones. Among the 12 foreign banks, Standard hire has become the largest in the country.

Besides the scheduled banks, Samabai (Cooperative) Bank, Ansar-VDP Bank, Karmasansthan (Employment) Bank and Grameen bank are functioning in the financial sector. The number of spotless branches of all scheduled banks is 6,038 as of June 2000. Of the bran ches, 39.95 per cent (2,412) are make up o! nes mind in the urban areas and 60.05 per cent (3,626) in the rural areas. Of the branches NCBs moment back 3,616, private commercial banks 1,214, foreign banks 31 and specialised banks 1,177. 2.1BANGLADESH BANK Bangladesh Bank (BB) regulates and supervises the activities of all banks. The... If you want to get a full essay, roll it on our website: OrderEssay.net

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