Bank in Bangladesh
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Bank in Bangladesh After the independence, banking industry in Bangladesh started its journey with 6 Nationalized commercialized banks, 2 State owned Specialized banks and 3 Foreign Banks. In the 1980's banking industry achieved significant expansion with the entrance of private banks. Now, banks in Bangladesh are primarily of two types: Scheduled Banks: The banks which get license to operate under Bank Company Act, 1991 (Amended in 2003) are termed as Scheduled Banks. Non-Scheduled Banks: The banks which are established for special and definite objective and operate under the acts that are enacted for meeting up those objectives, are termed as Non-Scheduled Banks. These banks cannot perform all functions of scheduled banks. There are 56 scheduled banks in Bangladesh who operate under full control and supervision of Bangladesh Bank which is empowered to do so through Bangladesh Bank Order, 1972 and Bank Company Act, 1991. Scheduled Banks are classified into following types: State Owned Commercial Banks (SOCBs): There are 4 SOCBs which are fully or majorly owned by the Government of Bangladesh. Specialized Banks (SDBs): 4 specialized banks are now operating which were established for specific objectives like agricultural or industrial development. These banks are also fully or majorly owned by the Government of Bangladesh. Private Commercial Banks (PCBs): There are 39 private commercial banks which are majorly owned by the private entities. PCBs can be categorized into two groups: Conventional PCBs: 31 conventional PCBs are now operating in the industry. They perform the banking functions in conventional fashion i.e interest based operations. Islami Shariah based PCBs: There are 8 Islami Shariah based PCBs in Bangladesh and they execute banking activities according to Islami Shariah based principles i.e. Profit-Loss Sharing (PLS) mode. Foreign Commercial Banks (FCBs): 9 FCBs are operating in Bangladesh as the branches of the banks which are incorporated in abroad. There are now 4 non-scheduled banks in Bangladesh which are: Ansar VDP Unnayan Bank, Karmashangosthan Bank, Probashi Kollyan Bank, Jubilee Bank List of Scheduled Bank
Transcript of Bank in Bangladesh
Bank in BangladeshAfter the independence, banking industry in Bangladesh started its journey with 6 Nationalized commercialized banks, 2 State owned Specialized banks and 3 Foreign Banks. In the 1980's banking industry achieved significant expansion with the entrance of private banks. Now, banks in Bangladesh are primarily of two types:
Scheduled Banks: The banks which get license to operate under Bank Company Act, 1991 (Amended in 2003) are termed as Scheduled Banks.
Non-Scheduled Banks: The banks which are established for special and definite objective and operate under the acts that are enacted for meeting up those objectives, are termed as Non-Scheduled Banks. These banks cannot perform all functions of scheduled banks.
There are 56 scheduled banks in Bangladesh who operate under full control and supervision of Bangladesh Bank which is empowered to do so through Bangladesh Bank Order, 1972 and Bank Company Act, 1991. Scheduled Banks are classified into following types:
State Owned Commercial Banks (SOCBs): There are 4 SOCBs which are fully or majorly owned by the Government of Bangladesh.
Specialized Banks (SDBs): 4 specialized banks are now operating which were established for specific objectives like agricultural or industrial development. These banks are also fully or majorly owned by the Government of Bangladesh.
Private Commercial Banks (PCBs): There are 39 private commercial banks which are majorly owned by the private entities. PCBs can be categorized into two groups:
Conventional PCBs: 31 conventional PCBs are now operating in the industry. They perform the banking functions in conventional fashion i.e interest based operations.
Islami Shariah based PCBs: There are 8 Islami Shariah based PCBs in Bangladesh and they execute banking activities according to Islami Shariah based principles i.e. Profit-Loss Sharing (PLS) mode.
Foreign Commercial Banks (FCBs): 9 FCBs are operating in Bangladesh as the branches of the banks which are incorporated in abroad.
There are now 4 non-scheduled banks in Bangladesh which are:
Ansar VDP Unnayan Bank, Karmashangosthan Bank, Probashi Kollyan Bank, Jubilee Bank
List of Scheduled Bank 1. AB Bank Limited (1G) 2. Agrani Bank Limited (1G) 3. Al-Arafah Islami Bank Limited (Islami Bank) 4. Bangladesh Commerce Bank Limited
5. Bangladesh Development Bank Limited (Specialized Banks) 6. Bangladesh Krishi Bank (Specialized Banks) (1G) 7. Bank Al-Falah Limited (Foreign Commercial Bank) 8. Bank Asia Limited (3G) 9. BASIC Bank Limited (Specialized Banks) (1G) 10. BRAC Bank Limited 11. Citibank N.A (Foreign Commercial Bank) 12. Commercial Bank of Ceylon Limited (Foreign Commercial Bank) 13. Dhaka Bank Limited (2G) 14. Dutch-Bangla Bank Limited (2G) 15. Eastern Bank Limited (2G) 16. EXIM Bank Limited (Islami Bank) 17. First Security Islami Bank Limited (Islami Bank) 18. Habib Bank Ltd. (Foreign Commercial Bank) 19. ICB Islamic Bank Ltd. (Islami Bank) 20. IFIC Bank Limited 21. Islami Bank Bangladesh Ltd (Islami Bank) 22. Jamuna Bank Ltd (3G) 23. Janata Bank Limited
24. Meghna Bank Limited (4G) 25. Mercantile Bank Limited (3G) 26. Midland Bank Limited (4G) 27. Modhumoti Bank Ltd. (4G) 28. Mutual Trust Bank Limited (3G) 29. National Bank Limited (1G) 30. National Bank of Pakistan (Foreign Commercial Bank) 31. National Credit & Commerce Bank Ltd 32. NRB Bank Limited (4G) 33. NRB Commercial Bank Limited (4G) 34. NRB Global Bank Limited (4G) 35. One Bank Limited 36. Premier Bank Limited 37. Prime Bank Ltd 38. Pubali Bank Limited (1G) 39. Rajshahi Krishi Unnayan Bank (Specialized Banks) 40. Rupali Bank Limited (1G) 41. Shahjalal Bank Limited (Islami Bank) 42. Social Islami Bank Ltd. (Islami Bank) 43. Sonali Bank Limited
44. South Bangla Agriculture & Commerce Bank Limited (4G) 45. Southeast Bank Limited 46. Standard Bank Limited 47. Standard Chartered Bank (Foreign Commercial Bank) 48. State Bank of India (Foreign Commercial Bank) 49. The City Bank Ltd. (1G) 50. The Farmers Bank Ltd (4G) 51. The Hong Kong and Shanghai Banking Corporation. Ltd.(Foreign Commercial Bank) 52. Trust Bank Limited 53. Union Bank Limited (Islami Bank) (4G) 54. United Commercial Bank Limited (1G) 55. Uttara Bank Limited (1G) 56. Woori Bank (Foreign Commercial Bank)
