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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.
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.
The chairman of the governing board is the prime minister and members include the governor of Bangladesh Bank, the finance minister and other high-level ministers and elected policymakers. [9] The governing board is responsible for overall policy decisions. [9] The executive board includes bureaucrats from Government of Bangladesh. [8]
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 following is a list of scheduled and expected events for the year 2024 in Bangladesh. 2024 ( MMXXIV ) was a leap year starting on Monday of the Gregorian calendar , the 2024th year of the Common Era (CE) and Anno Domini (AD) designations, the 24th year of the 3rd millennium and the 21st century , and the 5th year of the 2020s decade.
Serial No Portrait Name Took office Left office 1 A. N. M. Hamidullah: 18 January 1972 18 November 1974 2 Naziruddin Ahmed: 19 November 1974 13 July 1976
After Shirin retired, she joined the Karmasangsthan Bank in December 2021. [22] Bangladesh Krishi Bank asked for deposits from State owned enterprises. [23] In June 2022, it had the highest capital shortfall in Bangladesh with 128.77 billion taka. [24] It received an appreciation letter for distributing loans from the Bangladesh Bank. [25]
By the end of 2021, the bank's coverage expanded to 81,678 villages out of the country's total 87,223, for a national coverage rate of around 94%. [8] As of the end of 2021, cumulative loan disbursements since inception reached in excess of 2.5 trillion taka (US$33.767 billion), [8] and the bank claims a loan recovery rate of around 95%. [47]