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The newly independent government immediately designated the Dhaka branch of the State Bank of Pakistan as the central bank and renamed it the Bangladesh Bank. [9] The bank was responsible for regulating currency, controlling credit and monetary policy, and administering exchange control and the official foreign exchange reserves. [9]
All public schools and many private schools in Bangladesh follow the curriculum of NCTB. Starting in 2010, every year free books are distributed to students between Grade-1 to Grade-10 to eliminate illiteracy. [6] These books comprise most of the curricula of the majority of Bangladeshi schools. There are two versions of the curriculum.
This sector is mainly represented by Specialized Financial Institutions like House Building Finance Corporation (HBFC), Palli Karma Sahayak Foundation (PKSF), Samabay Bank, Grameen Bank etc., Non-governmental organizations (NGOs) and discrete government programs. The informal sector includes private intermediaries which are completely unregulated.
On 7 April 1972, after the Bangladesh Liberation War and the eventual independence of Bangladesh, the Government of Bangladesh passed the Bangladesh Bank Order, (P.O. No. 127 of 1972), reorganising the Dhaka branch of the State Bank of Pakistan as Bangladesh Bank, the country's central bank and apex regulatory body for the country's monetary and financial system.
Dutch-Bangla Bank PLC was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh in June 1996. [4] It was a Dutch-Bangladesh joint venture and first Bangladeshi-European joint venture of bank in Bangladesh. [4] [5] DBBL commenced formal operation from June 3, 1996.
The bank did not inform the Registrar of Joint Stock Companies And Firms about their ownership as required by law. [8] In 2000, there were ten non-scheduled banks in Bangladesh. [11] MBI Munshi was made the chairman of the bank in 2002. [8] In September 2018, Bangladesh Bank appointed Md Shah Alam, a director of Bangladesh Bank, chairman of the ...
Later, Uttara Bank was established by Eastern Bank Corporation and Muslim Commercial Bank in the post-independence era. He was appointed as the first Governor of Bangladesh Bank in 1972 after the independence of the country. Played an important role in organizing a central bank of the newly independent country.
Pages for logged out editors learn more. Contributions; Talk; History of banking in Bangladesh