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1971 The State Bank of Bangladesh was founded by nationalization of the private shares in the eastern section of the State Bank of Pakistan. [4] 1972-1974 Through this three years period after independence of Bangladesh in 1971, the government had taken over 786 industrial undertakings. Included in this number, the government nationalized 245 ...
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 Bank (Demonetisation of Currency Notes) Order, 1972 (President's Order) The Bangladesh Constituent Assembly Members (Cessation of Membership) Order, 1972 (P.O.) The Bangladesh Banks (Nationalisation) Order, 1972 (President's Order) The Bangladesh Industrial Enterprises (Nationalisation) Order, 1972 (President's Order) [Repealed]
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.
Rupali Bank Limited was constituted with the merger of 3 erstwhile commercial banks i.e. Muslim Commercial Bank Limited, Australasia Bank Limited and Standard Bank which operated in the then East Pakistan on 26 March 1972, under the Bangladesh Banks (Nationalization) Order 1972. [5]
Sonali Bank was established in 1972 under the Bangladesh Banks (Nationalisation) Order, through the amalgamation and nationalisation of the branches of National Bank of Pakistan, Bank of Bahawalpur, and Premier Bank branches located in East Pakistan until the 1971 Bangladesh Liberation War. [10]
19 March – The prime ministers of Bangladesh and India sign the Joint Rivers Commission. [5] 26 March – Regulations passed allowing large scale nationalization of various industries including banks, manufacturing and trading enterprises. [6] 4 April – The United States of America officially recognized Bangladesh. [7]
Pubali Bank was started in East Pakistan as Eastern Mercantile Bank Limited in 1959 under the Bank Companies Act 1913 by Bengali businessmen. [2] After the independence of Bangladesh in 1971 the bank was nationalized under Bangladesh Bank's (nationalisation) Ordinance and renamed as Pubali Bank.