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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 ...
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.
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]
It was renamed Bank of Bengal in 1809, was merged into the Imperial Bank of India in 1921, and became the State Bank of India in 1955. [ 4 ] [ 5 ] The first modern bank headquartered in Dhaka was The Dacca Bank , established in 1846.
Bangladesh Development Bank PLC. is a state-owned commercial bank in Bangladesh.As a Public Limited Company, BDBL formally embarked on its journey on January 03, 2010. It extends financial assistance for setting up industries and provides all kinds of commercial banking services to its customers through its branch network in Bangladesh.
Sonali Bank PLC (SBPLC) (Bengali: সোনালী ব্যাংক (এসবিপিএলসি)) is the biggest state-owned leading public commercial bank in Bangladesh. [6] It is the largest bank in the country. [7] [8] Mohammad Muslim Chowdhury is the chairman of the Bank. [9]
In 2021, Agrani Bank, Rupali, Sonali Bank Limited, and Janata Bank Limited, all state owned banks, paid the highest bonus to their employees despite poor performance and against the recommendation of Bangladesh Bank. [30] Dhaka Stock Exchange disclosed that Rupali Bank had insufficient capital to manage its risks in 2022. [31]
Many of Bangladesh's largest companies, as well as various multinational firms, have their headquarters or branches located in Agrabad. There are many private commercial banks including AB Bank Limited, [6] Bangladesh Commerce Bank Limited, [7] BRAC Bank Limited, The City Bank Limited, [8] Dhaka Bank Limited, Dutch Bangla Bank Limited, Eastern Bank Limited, IFIC Bank Limited, Mercantile Bank ...