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License from the Authority is mandatory to operate microfinance operation in Bangladesh as an NGO. On September 28, 2012 at the Alliance for Financial Inclusion 's Global Policy Forum 2012, the bank made a commitment under the Maya Declaration to promote agent and mobile banking, implement consumer protection initiatives, and establish a credit ...
The sectors have been categorized in accordance with their degree of regulation. The formal sector includes all regulated institutions like banks, non-bank financial institutions (FIs), insurance companies, capital market Intermediaries like brokerage houses, merchant banks etc.; micro finance institutions (MFIs).
Grameen Bank (Bengali: গ্রামীণ ব্যাংক) is a microfinance, specialized community development bank founded in Bangladesh. [5] [6] It provides small loans (known as microcredit or "grameencredit") [7] to the impoverished without requiring collateral.
Grameen Bank founder Muhammad Yunus will lead an interim government in Bangladesh after protests ousted Prime Minister Sheikh Hasina. A Nobel laureate and microfinance pioneer steps in to lead ...
The Honourable Muhammad Yunus মুহাম্মদ ইউনূস Yunus in 2013 5th Chief Adviser of Bangladesh Incumbent Assumed office 8 August 2024 President Mohammed Shahabuddin Preceded by Sheikh Hasina (as Prime Minister) Adviser for Primary and Mass Education In office 3 April 1996 – 23 June 1996 Chief Adviser Muhammad Habibur Rahman Succeeded by Abu Sharaf Hizbul Qader Sadique ...
Offshore Banking Operation (OBO) was first introduced by Bangladesh Bank in 1985 through a circular for allowing active foreign financing at Export Processing Zones (EPZs). Banks operated the services with Bangladesh Bank approval without any separate law for an offshore banking system until the enactment of the Offshore Banking Act, 2024.
In 2000, the General Banking Law [34] mandated the BSP to recognize microfinance as a legitimate banking activity and to set the rules and regulations for its practice within the banking sector. In the same year, the BSP declared microfinance as its flagship program for poverty alleviation. The BSP has become the prime advocate for the ...
Bangladesh Laws (Revision and Declaration) Act, 1973 (No 8) Bangladesh Rice Research Institute Act, 1973 (No 10) [Repealed] Finance Act, 1973 (No 11) Appropriation (Railways) Act, 1973 (No 12) Appropriation Act, 1973 (No 16) International Crimes (Tribunals) Act, 1973 (No 19) Bangladesh Fisheries Development Corporation Act, 1973 (No 22)