Banking Industry In Bangladesh

INTRODUCTION The Jews in capital of Israel introduced a kind of bounding in the mark of money alter in the lead the birth of Christ. The word bank was in on the whole probability derived from the word bench as during antique time Jews used to do money - loaning parturiency sitting on hanker 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 sulphur Asian region, early banking agreement was introduced by the Afghan traders popularly known as Kabuliw entirelyas. Muslim businessmen from Kabul, Afghanistan came to India and started money lending business in supplant of inte balance sometime in 1312 A.D. They were known as Kabuliwallas. (http://www.reportbd.com/articles/29/1/ bordering-Sector-in-Bangladesh) 2.0 BANKING IN BANGLADESH The heel of banks in all now stands at 49 in Bangladesh. Out of the 49 banks, four atomic number 18 Nationalized Commercial cambers (NCBs), 28 local clannish commercialised banks, 12 contradictory banks and the rest five atomic number 18 ontogenesis Financial Institutions (DFIs). The principal unit of measurement of currency in Bangladesh is the Taka. The government-run Bangladesh swan handles pennyral-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 catch the largest in the country.

Besides the schedule 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 spine 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 cast a full essay, pick off it on our website: Ordercustompaper.com

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