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Global IME Bank Limited [1] (Formarly Janata Bank Nepal Limited) is a commercial bank in Nepal.The bank was an ‘A’ class commercial bank licensed by Nepal Rastra Bank [2] and had branches all across the nation with its head office in Kathmandu which provided a complete commercial banking service.The Bank was formed merging formar Janata Bank Nepal Limited and Global IME Bank Limited.
Janata Bank became a public limited companies on 15 November 2007 led by chairman Sohel Ahmed Chowdhury. [7] [9] After Awami League came to power in 2008, they provided 145.05 billion taka in recapitalization funds to state banks including Janata Bank. [10] In January 2008, SM Aminur Rahman, was appointed managing director of Janata Bank. [11]
From August 2019 to July 2020, Ahmed was the chairperson of Janata Bank. [5] On 28 July 2020, S. M. Mahfuzur Rahman was appointed chairperson of Janata Bank replacing Ahmed, who had faced allegations of graft in approving loans. [7] [8] He denied all allegations against him. [8] He had opposed large loans of Janata Bank. [9]
The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers.
The currencies of most developed countries have floating exchange rates. These currencies do not have fixed values but, rather, values that fluctuate relative to other currencies. The interbank market is an important segment of the foreign exchange market. It is a wholesale market through which most currency transactions are channeled.
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. [6] [7] Bank of Bengal opened branches in Sirajganj and Chittagong in 1873, and in Chandpur in 1900.
The exchange rate at which the transaction is done is called the spot exchange rate. As of 2010, the average daily turnover of global FX spot transactions reached nearly US$1.5 trillion, counting 37.4% of all foreign exchange transactions. [1] FX spot transactions increased by 38% to US$2.0 trillion from April 2010 to April 2013. [2]
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 ...