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Bangladesh Bank is the central bank of Bangladesh and the chief regulatory authority in the banking sector. According to the Bangladesh Bank Order, 1972 the Government of Bangladesh reorganized the Dhaka Branch of the State Bank of Pakistan as the central bank of the country and named it Bangladesh Bank with retrospective effect from 16 ...
The denominator is also part of the routing number; by adding leading zeroes to make up four digits where necessary (e.g. 212 is written as 0212, 31 is written as 0031, etc.), it forms the first four digits of the routing number (XXXX). There might also be a fourth element printed to the right of the fraction: this is the bank's branch number.
Bangladesh Electronic Fund Transfer Network (BEFTN) is a Bangladeshi electronic fund transfer network between banks within Bangladesh. [1] Its main purpose is to transfer funds between bank accounts. [2] The network can settle debit and credits. Salary, bill, dividend, interest could be paid through the system.
In 2020, a cashier of the bank in Noakhali District, Liton Chandra Das, stole 20 million taka from the bank. [31] Janata Bank made a loss of move than 50 billion taka in 2020. [32] Bangladesh Bank recommended actions against the managing director of the bank, Md. Abdus Salam Azad. [33] AnonTex Group sought to reschedule its outstanding loans. [34]
On 23 May 2018, Bangladesh Police Welfare Trust applied for a license from Bangladesh Bank to open a bank named Community Bank Bangladesh Limited. [6] The trust is owned by Bangladesh Police. Bangladesh Bank approved the license application of the Bank in October 2018. [7] The Bank was officially listed on 4 November 2018. [8]
The Financial Institutions Division (Bengali: আর্থিক প্রতিষ্ঠান বিভাগ) is a Bangladesh government division under the Ministry of Finance responsible for managing all state owned banks, financial institutions, and stock exchanges. [1] [2] Md. Sheikh Mohammad Salim Ullah is the head of the division. [3]
In September 2010, Al-Arafah Islami Bank PLC. issued shares to raise funds to meet the requirements of Basel II. [9] A security officer of Al-Arafah Islami Bank PLC. was killed in May 2015 during a bank robbery attempt in Chittagong. [10] The Bank signed an agreement with Islamic Development Bank, based in Saudi Arabia, for investment. [11]
Rajshahi Krishi Unnayan Bank was established on 15 March 1987 through the Presidential Ordinance No 58. [4] The Bank's headquarters are located in Rajshahi. [5] The Bank was made for farmers of Rangpur and Rajshahi divisions. [4] It received 253 branches of Bangladesh Krishi Bank in Rangpur and Rajshahi Division. [6]