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After the Independence of Bangladesh in 1971, the government of Bangladesh created the Directorate of National Savings which absorbed the functions of the National Savings Institute. In 2014 the Directorate of National Savings was upgraded to a full department.
Bangladesh Saving Certificates- This five year saving scheme provides return of around 12.2% at maturity with varying degree of returns for premature withdrawal depending on the duration of investment. Maximum allowable investment in this scheme is capped to Tk 30,00,000/- for individual investors and Tk 60,00,000/- for joint investors. [2]
BASIC Bank Limited is one of seven state owned banks in Bangladesh. [9] In 2016 the finance minister in a statement described the state of the bank as weak due to graft by top officials of the bank and would require some time for improvement. [10] Sonali Bank UK Ltd and other international banks had censured Basic bank over irregularities. [11]
Bangladesh has eight Islamic banks, while several non-Islamic banks offer Islamic-banking services alongside their normal operations. [12] As of 2017, Islamic banking, led by Islami Bank Bangladesh Ltd, controls 20% of deposits in Bangladesh. [12] Bangladesh operates the world's biggest Islamic microfinance scheme. [12]
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] The bank has network of 88 branches and 25 sub-branches around the ...
The latest is the 51th branch of BDBL in Chitalmari Branch, Bagerhat. The bank's new branch, Amin Tower, 1st Floor, Upozilla Road, Chitalmari, Bagerhat, the 51th branch of Bangladesh Development Bank PLC (BDBL), was inaugurated in Chitalmari, Bagerhat on 16-01-2025.[1] Bangladesh Development Bank PLC (BDBL) operates its banking operations online.
It was renamed to Ministry of Food & Relief and then renamed again as the Ministry of Food & Disaster Management. In 2012, the government of Bangladesh reorganized it as the Ministry of Food and another separate ministry was created called the Ministry of Disaster Management. [2]
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 ...