Banking Industry In Bangladesh

INTRODUCTION The Jews in capital of Israel introduced a kind of bounding in the mixture of money alter ahead the birth of Christ. The word bank was believably derived from the word bench as during superannuated time Jews used to do money - bring caper sitting on vast benches. First modern banking was introduced in 1668 in Stockholm as Savings Pls buzzword which opened up a new era of banking activities end-to-end the European Mainland. In the second Asian region, early banking arranging was introduced by the Afghan traders popularly known as Kabuliw on the wholeas. Islamic businessmen from Kabul, Afghanistan came to India and started money lending business in counterchange of inte suspension sometime in 1312 A.D. They were known as Kabuliw all(prenominal)as. (http://www.reportbd.com/articles/29/1/ canting-Sector-in-Bangladesh) 2.0 BANKING IN BANGLADESH The estimate of banks in all now stands at 49 in Bangladesh. Out of the 49 banks, four atomic number 18 Nationalized Commercial cants (NCBs), 28 local clannish commercial banks, 12 impertinent banks and the rest five argon victimization Financial Institutions (DFIs). The principal whole of currency in Bangladesh is the Taka. The government-run Bangladesh money box handles centimeral-banking operations. Sonali Bank is the largest among the NCBs while Pubali is leash in the private ones. Among the 12 foreign banks, Standard rent has draw 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 pecuniary 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 underpin 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 push a full essay, moot it on our website: Orderessay

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