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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 ...
Bangladesh Bank fined Industrial and Infrastructure Development Finance Company Limited in 2022 relocating the Uttara branch without proper approval. [20] On 5 January, Md. Ataur Rahman Prodhan , former managing director of Sonali Bank , was appointed Chairman of Industrial and Infrastructure Development Finance Company Limited.
A prime example would be the 1997 Asian financial crisis, where a lack of NBFI regulation fueled a credit bubble and asset overheating. When the asset prices collapsed and loan defaults skyrocketed, the resulting credit crunch led to the 1997 Asian financial crisis that left most of Southeast Asia and Japan with devalued currencies and a rise ...
Bangladesh Bank appointed an observer in the board of directors of Bangladesh Industrial Finance Company Limited in 2015. [10] From December 2012 to December 2016, defaulted loans at Bangladesh Industrial Finance Company Limited jumped from 12 percent to 90 percent. [9] In 2012 the company had 840 million loan and 2016 it was 7.8 billion taka. [9]
There are three types of financial markets in Bangladesh. They are: Money Market : Banks, Non-bank Financial Institutions, and Primary Dealers; Capital Market : Investment Banks, Credit Rating Companies, and Stock Exchanges; Foreign Exchange Market : Authorized Dealers.
Grameen Bank (Bengali: গ্রামীণ ব্যাংক) is a microfinance, specialized community development bank founded in Bangladesh. [5] [6] It provides small loans (known as microcredit or "grameencredit") [7] to the impoverished without requiring collateral.
Bangladesh’s Supreme Court on Sunday rolled back most of the controversial quotas on government jobs which sparked violent protests.. Under the quota system, some 30% of sought-after civil ...
Bangladesh Machine Tools Factory: Industrials Defense Gazipur City: 1979 Defense vehicles S A Bangladesh Petroleum Corporation: Oil & gas Exploration & production Dhaka: 1976 State-owned petrochemical S A Bangladesh Pratidin: Consumer services Publishing Dhaka: 2010 Newspaper P A Bangladesh Railway: Industrials Railroads Dhaka: 1862 Railroads S A