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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.
The Foreign Exchange Regulation Act, 1947 (known as FERA) is a law enacted and was officially published by the Government of Pakistan and still applicable in Bangladesh, which was East Pakistan before independence, to regulate certain payments, dealings in foreign exchange and securities, and the import and export of currency and bullion.
He took advanced training in banking through Bangladesh Barclays Bank in London. In 1963 and 1967, he attended seminars on financing of industry held in Tokyo, Japan as the country's representative. He attended the annual joint meetings of the IFM in 1972, 73 and 74 as the Governor of Bangladesh Bank.
On 7 April 1972, after the Bangladesh Liberation War and the eventual independence of Bangladesh, the Government of Bangladesh passed the Bangladesh Bank Order, (P.O. No. 127 of 1972), reorganising the Dhaka branch of the State Bank of Pakistan as Bangladesh Bank, the country's central bank and apex regulatory body for the country's monetary and financial system.
His local bank refused. He took the case clear up to the top bank in Dhaka, finally securing credit to loan to local borrowers. Thus, in January 1977, the Grameen Bank was born. This bank started under completely new principles, different than any other bank in Bangladesh at the time. Its premise was that each borrower had a human right to credit.
Dutch-Bangla Bank PLC was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh in June 1996. [4] It was a Dutch-Bangladesh joint venture and first Bangladeshi-European joint venture of bank in Bangladesh. [4] [5] DBBL commenced formal operation from June 3, 1996.
The Principles of Banking was first published by John Wiley & Sons in Singapore in 2012. The second edition was published in 2022 and expands upon the original edition, incorporating updates in developments and regulations and in the banking industry, including Basel III Final Form and its constituent elements of The Fundamental Review of the Trading Book, Interest Rate Risk in the Banking ...
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