 |
| Click the LOGO for Details |
Bangladesh
Bank, the central bank and apex regulatory body for the country's monetary and
financial system, was established in Dhaka as a body corporate vide
the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972) with effect
from 16th December, 1971. At present it has ten offices located at Motijheel,
Sadarghat, Chittagong, Khulna, Bogra, Rajshahi, Sylhet, Barisal, Rangpur and
Mymensingh 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 upto 2013) 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 57 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 06 State Owned Commercial Banks which are fully or majorly owned by the Government of Bangladesh.
- Specialized
Banks (SDBs): 02
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 40 Private Commercial Banks which are majorly owned by the private entities.
PCBs can be categorized into two groups:
- Conventional Private Commercial Banks (CPCBs): 32 [01-16 & 17-32]Conventional PCBs are now operating in the
industry. They perform the banking functions in conventional fashion i.e
interest based operations.
- Islami
Shariah Based Private Commercial Banks (ISBPCBs): There are 08 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): 09 Foreign Commercial Banks are
operating in Bangladesh as the branches of the banks which are
incorporated in abroad.
- Ansar
VDP Unnayan Bank,
- Karmashangosthan
Bank,
- Grameen
Bank,
- Jubilee
Bank,
- Probashi
Kollyan Bank,
- Palli
Sanchay Bank
Reference: https://www.bb.org.bd/
