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State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. [11]
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 2021 National budget of Bangladesh was presented by the Minister of Finance Mustafa Kamal on 3 June 2021. The National budget is for the fiscal year beginning on 1 July 2021, and ending on 30 June 2022. The budget was the second to be presented amid the Coronavirus pandemic. [1]
In September 2021, a special internal audit of NRB Bank found that the bank engaged in "unethical" investments in the stock marketing causing harm to both the bank, a loss of 1.03 billion taka, and the stock market. [13] [14] Bangladesh Bank finned the bank 4.9 million taka over the investments and market manipulation.
Bangladesh Bank approved Midland Bank Limited on the condition that the bank would eventually list on the stock market. [8] Md Ahsan-uz Zaman joined Midland Bank Limited in July 2014 as its chief executive officer and managing director. [9] In 2018, defaulted loans of Midland Bank Limited rose from 220 million taka to 650 million taka. [10]
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South Bangla Agriculture and Commerce Bank Public Limited Company (SBACBPLC) is a private commercial bank headquartered in Dhaka, Bangladesh. [1] It incorporated in 2013 as a banking company under Companies Act, 1994 and is regulated under the Banking Companies Act, 1991. [2]
In 2021, Bangladesh Securities and Exchange Commission approved ৳5 billion perpetual bonds of the bank. [14] It signed a US$52 million loan agreement with Bank Muscat. [15] The Pubali Bank donated ৳1 million to Bishwo Shahitto Kendro in October 2022. [16] It received US$50 million from the British International Investment. [17]