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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.
The agency is controlled by 12 member-governing body which has representatives from the government, Bangladesh Bank, Bangladesh Securities and Exchange Commission, Federation of Bangladesh Chambers of Commerce & Industries, professional accountants association and academia.
Bangladesh Bank removed Nazrul Islam Majumdar from the post of director and chairman of Exim Bank after the change of government on 05-AUG-2024. As a result, he lost the chairmanship of BAB Association's meeting held on 09-SEP-2024 at 11:30am, Mr. Abdul Hai Sarker , chairman of the Dhaka Bank Limited has unanimously elected as Chairman of the BAB.
The microcredit program in Bangladesh is implemented by NGOs, Grameen Bank, different types of government-owned banks, private commercial banks, and specialized programs of some ministries of the Bangladesh Government, etc. Despite the fact that more than a thousand institutions are operating microcredit programs, only 10 large Microcredit ...
After the independence of Pakistan, the RJSC was established for the first time in 1962 in the port city of Chittagong under the Ministry of Commerce. [2] Then it started its activities with some documents from companies, professional organizations and partnership business from Calcutta, India.
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 Bangladesh Investment Development Authority (BIDA) (Bengali: বাংলাদেশ বিনিয়োগ উন্নয়ন কর্তৃপক্ষ) is the apex investment promotion agency (IPA) of Bangladesh under the Chief Adviser's Office. BIDA promotes and facilitates private investment and advocates business-friendly policies.