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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.
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.
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 December 1971. Other than Bangladesh Bank, banks in Bangladesh are primarily categorized into two types: Scheduled ...
Although the bank was largely a private bank, it enjoyed patronage from the then government of India, the East India Company. [2] The bank was staffed by mostly British nationals who were drawn mainly from the East India Company. [2] The bank had most of its offices and branches in East Bengal, which is present day Bangladesh. [2]
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Grameen Bank (Bengali: গ্রামীণ ব্যাংক) is a microfinance, specialized community development bank founded in Bangladesh. [ 5 ] [ 6 ] It provides small haraam loans (known as microcredit or "grameencredit") [ 7 ] to the impoverished without requiring collateral .
Bangladesh Bank Taka Museum (Bengali: বাংলাদেশ ব্যাংক টাকা জাদুঘর) is a numismatic museum in Dhaka, Bangladesh run by Bangladesh Bank. [1] [2] The museum displays the history of currency in Bangladesh from the ancient times to the present. It also displays the currencies of different countries of ...