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Bangladesh Public Service Commission (Bengali: বাংলাদেশ সরকারী কর্ম কমিশন) is a quasi-judicial constitutional body established in 1972. The commission is responsible for the recruitment of civil service servants in the Bangladesh government. [ 1 ]
The Institute of Bankers was registered on the 6 February 1973 as an association under the Societies Registration Act, 1660 (Act No. XXI of 1660). [2] Before that some eminent bankers and other professionals decided, in a meeting held on 26 July 1972, to establish the institute as a professional body of banks and financial institutions in Bangladesh.
Bangladesh Commerce Bank Limited was incorporated on 1 June 1998. [2] S Alam Group is an investor in the bank. [3] In August 2004, Bangladesh Bank placed in a watchlist of "problem banks". [4] The bank donated to Prime Minister Khaleda Zia's relief fund. [5] Md Enayet Ullah was appointed managing director of the bank. [6] A branch of the bank ...
The Bank maintained a capital adequacy ratio at 11.46 percent as on December 31, 2011, against requirement of 10 percent set by Bangladesh Bank. Credit Rating Information and Services Limited (CRISL) rated the Bank AA− (Double A Minus) for the long term and ST-2 for the short term based on the financial statements of the Bank for the year 2010.
Migrants Bangladeshis were demanding such type of bank since 1990s. However, Md. Bayazid Sarker an economist and Central Bank official of Bangladesh first develop a theoretical structure of the bank and officially floated the idea in his research paper titled "Alternative Resource of World Bank for External Financing in Bangladesh: A Foreign Remittance Approach" on 15 December 2007 in Dhaka. [5]
The latest is the 51th branch of BDBL in Chitalmari Branch, Bagerhat. The bank's new branch, Amin Tower, 1st Floor, Upozilla Road, Chitalmari, Bagerhat, the 51th branch of Bangladesh Development Bank PLC (BDBL), was inaugurated in Chitalmari, Bagerhat on 16-01-2025.[1] Bangladesh Development Bank PLC (BDBL) operates its banking operations online.
In June, the Bank had 19.54 billion BDT in bad loans accounting for 9.63 per cent of all loans of the bank. [20] In November, Bangladesh Bank appointed Md Shazzad Hossoin, an official of Bangladesh Bank, to one bank as an observer. [20] One Bank reduced their CEO pay following decline in profit in 2021. [21]
BASIC Bank Limited is one of seven state owned banks in Bangladesh. [9] In 2016 the finance minister in a statement described the state of the bank as weak due to graft by top officials of the bank and would require some time for improvement. [10] Sonali Bank UK Ltd and other international banks had censured Basic bank over irregularities. [11]