Search results
Results from the WOW.Com Content Network
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. [ 11 ]
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 ...
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. It did a very limited business and did not issue banknotes. It was purchased by Bank of Bengal in 1862.
Bangladesh Saving Certificates- This five year saving scheme provides return of around 12.2% at maturity with varying degree of returns for premature withdrawal depending on the duration of investment. Maximum allowable investment in this scheme is capped to Tk 30,00,000/- for individual investors and Tk 60,00,000/- for joint investors.
He was re-elected to board in 2003 despite Bangladesh Bank seeking an explanation why a director had served more than 6 years in a row at the bank against its rules. [7] Rupali Bank was of the opinion as a state owned Bank that rule did not apply to them. [7] Bangladesh Bank removed him in 2005. [8]
Remittances to Bangladesh are money transfers (remittances) sent by the Bangladeshi diaspora to Bangladesh. According to the World Bank , Bangladesh is the 7th highest recipient of remittances in the world [ 1 ] with almost $22.1 billion in 2021 and was the third highest recipient of remittances in South Asia . [ 2 ]
The government of Bangladesh listed the Bangladesh Samabaya Bank Limited as a specialized institution until 2000, when it was changed to a non-banking financial institution. [4] An Awami League politician was stabbed to death in November 2013 after he left a meeting at the office of the chairman of Bangladesh Samabaya Bank Limited in Motijheel. [5]
The bank's repayment rate suffered from economic disruption following the 1998 flood in Bangladesh, but it recovered in subsequent years. By the beginning of 2005, the bank had loaned over US$4.7 billion [ 16 ] and by the end of 2008, $7.6 billion [ 17 ] to the poor.