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AB Bank
AB Bank (formerly Arab Bangladesh Bank) is a leading private sector bank in Bangladesh. AB Bank Limited was incorporated on 31st December, 1981 and its the first commercial private bank in Bangladesh. History AB Bank was established on 31 December 1981. This was the first joint venture private bank in Bangladesh. On 14 November 2007 Bangladesh bank approved the name change to AB Bank from Arab Bangladesh Bank. A former deputy managing director was charged with embezzling 3.25 billion taka from the bank. In February 2008, AB Bank was fined 100 million taka for violating securities law with excessive marginal loans. The majority of these loans from the merchant banking wing of AB Bank went to bank employees and their relatives. In 2014 AB bank completed its acquisition of Cashlink Bangladesh Limited. A former vice president and his wife were sentenced to life in prison for embezzlement of 67.4 million taka from the bank in 2016.According to an investigation by Bangladesh Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Bangladesh
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1981
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kazi Md
Kazi may refer to: * Kazi (given name), * Kaji (Nepal), Nepalese prime ministerial position (later reduced to ministers) * Kaži, cat in Vepsian * Qadi or ''Kazi'' or ''Qazi'', an Islamic legal scholar and judge * KAZI-FM, an FM radio station in Austin, Texas * Kazi (comics), a fictional character in the Marvel Comics ** Kazi (Marvel Cinematic Universe), the Marvel Cinematic Universe counterpart of the character * Kazi, an honorific title used historically in the north Indian Kingdom of Sikkim * Kazi, a mythical female healer of 8th century Czech mythology, the sister of Libuše * "Kazi", nickname of Chris Rolle, hip hop musician * '' Kazy'' is also a Kyrgyz dish and Kazakh dish * Kazi Township, Lhünzhub County (卡孜乡), Tibet Autonomous Region, People's Republic of China * Kazi Township, Namling County (卡孜乡), a township in Namling County in Tibet Autonomous Region * The Japanese surname Kaji (surname), as written in Kunrei-shiki or Nihon-shiki See also * Kaji ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citycell
Pacific Bangladesh Telecom Limited, doing business as Citycell ( bn, সিটিসেল), was the oldest mobile operator of Bangladesh. It was 1st mobile operator company in Bangladesh and pioneer telecommunications network companies in South Asia along with Etisalat of Sri Lanka and Paktel of Pakistan. It was the only mobile operator in the country using CDMA and EVDO technology. Citycell's total mobile subscriber base was 0.142 million as of August 2016. Citycell was owned by SingTel (44.54%), Pacific Motors (37.95%) and Far East Telecom (17.51%). It was the smallest mobile operator of Bangladesh in terms of subscribers. It was shut down due to failure of paying dues as ordered by the BTRC in 2016. History In 1989 Bangladesh Telecom Limited (BTL) was awarded a license to operate cellular, paging, and other wireless communication networks. Then in 1990 Hutchison Bangladesh Telecom Limited (HBTL) was incorporated in Bangladesh as a joint venture between BTL and Hutchison ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Embezzlement
Embezzlement is a crime that consists of withholding assets for the purpose of conversion of such assets, by one or more persons to whom the assets were entrusted, either to be held or to be used for specific purposes. Embezzlement is a type of financial fraud. For example, a lawyer might embezzle funds from the trust accounts of their clients; a financial advisor might embezzle the funds of investors; and a husband or a wife might embezzle funds from a bank account jointly held with the spouse. The term "embezzlement" is often used in informal speech to mean theft of money, usually from an organization or company such as an employer. Embezzlement is usually a premeditated crime, performed methodically, with precautions that conceal the criminal conversion of the property, which occurs without the knowledge or consent of the affected person. Often it involves the trusted individual embezzling only a small proportion of the total of the funds or resources they receive or co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladeshi Taka
The Bangladeshi taka ( bn, টাকা, currency sign, sign: , ISO 4217, code: BDT, Short form (linguistics), short form: Tk) is the currency of the Bangladesh, People's Republic of Bangladesh. In Unicode, it is encoded at . Issuance of bank notes 10 and larger is controlled by Bangladesh Bank, while the 2 and 5 banknotes are the responsibility of the Ministry of Finance (Bangladesh), ministry of finance of the government of Bangladesh. The banknotes of Tk. 2 and Tk.5 have mostly been replaced by coins while lower denomination coins (including all poysha coins) up to Tk. 1 have almost gone out of circulation due to inflation. The most commonly used symbol for the taka is "" and "Tk", used on receipts while purchasing goods and services. It was formerly divided into 100 paisa, poysha, but poysha coins are no longer in circulation. Etymology According to ''The American Heritage Dictionary of the English Language'' and ''Banglapedia'', the word ''taka'' came from the Sanskrit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladesh Bank
Bangladesh Bank ( bn, বাংলাদেশ ব্যাংক) is the central bank of Bangladesh and is a member of the Asian Clearing Union. It is fully owned by the Government of Bangladesh. The bank is active in developing green banking and financial inclusion policy and is an important member of the Alliance for Financial Inclusion. Bangladesh Financial Intelligence Unit (BFIU), a department of Bangladesh Bank, has got the membership of Egmont Group of Financial Intelligence Units. Bangladesh Bank is the first central bank in the world to introduce a dedicated hotline (16236) for people to complain about any banking-related problem. Moreover, the organisation is the first central bank in the world to issue a "Green Banking Policy". To acknowledge this contribution, then-governor Dr. Atiur Rahman was given the title 'Green Governor' at the 2012 United Nations Climate Change Conference, held at the Qatar National Convention Centre in Doha. History On 7 April 1972, af ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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