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Uttara Bank PLC. has 245 branches and 28 sub-branches in Bangladesh. The bank's internal and external operational activities is operated by twelve zones in different regions of the country. It operates through a number of online branches and authorized dealer branches. It is also affiliated with nearly 600 financial institutions worldwide.
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.
Bangladesh Bank removed them from the board of Uttara Finance an investigation found 51 billion BDT in irregular loans including to the directors and subsidiaries of Uttara Group in December 2022. [ 16 ] [ 17 ] Uttara Finance asked the Anti-Corruption Commission to prevent SM Shamsul Arefin from leaving the country. [ 18 ]
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 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.
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.
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.
It was established by Vanik Incorporation Limited of Sri Lanka with Bangladesh partners. [8] Sampath Bank and Chinkara Capital (Singapore) Pte Ltd were partners in the venture as well. [8] In September 2007, Bangladesh Bank warned One Bank Limited for hiring a former managing director of the bank as a consultant violating banking rules. [9]