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Bangladesh Development Bank
Bangladesh Development Bank is a state-owned specialised commercial bank in Bangladesh. The bank has one of the highest loan default rate in Bangladesh. Shamima Nargis is the chairperson of the bank. Kazi Alamgir is the Chief Executive Officer and managing director of the bank. History Bangladesh Development Bank was established on 16 November 2009 as a Public Limited Company by merging the state-owned Bangladesh Shilpa Bank with the Bangladesh Shilpa Rin Sangstha; both were established on 31 October 1972. Bangladesh Development Bank started in 2010 with 534 court cases concerning 21 billion taka and 24.6 billion taka in written off liabilities. Santi Narayan Ghosh was appointed chairperson of the Bangladesh Development Bank in September 2012. In 2016, former managing director of Karmasangsthan Bank, Mushtaque Ahmed, and former deputy managing director of Rupali Bank Limited, Md Abu Hanif Khan, were appointed directors of Bangladesh Development Bank. The bank has had issues ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank
In banking, the term national bank carries several meanings: * a bank owned by the state * an ordinary private bank which operates nationally (as opposed to regionally or locally or even internationally) * in the United States, an ordinary private bank operating within a specific regulatory structure, which may or may not operate nationally, under the supervision of the Office of the Comptroller of the Currency. In the past, the term "national bank" has been used synonymously with "central bank", but it is no longer used in this sense today. Some central banks may have the words "National Bank" in their name; conversely if a bank is named in this way, it is not automatically considered a central bank. For example, National Bank of Canada of Montreal, Canada, is a privately owned commercial bank. On the other hand, National Bank of Ethiopia is the central bank of Ethiopia and National Bank of Cambodia is the central bank of Cambodia. By country Afghanistan Pashtany Bank is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bashundhara Group
Bashundhara Group ( bn, বসুন্ধরা গ্রুপ) is a Bangladeshi conglomerate. It is one of the largest manufacturing companies in Bangladesh. It was incorporated in 1987 as a real estate company venture under the name East West Property Development Ltd (EWPD). The first project of EWPD turned out to be very successful. After then, the company grew very quickly. It presently owns more than 50 major concerns located throughout Bangladesh. History Bashundhara Group ( Ahmed Akbar Sobhan, is the founder and chairman of Bashundhara Group.) began in 1987 as real estate venture. After its first successful project, Bashundhara invested in new fields, including manufacturing, industry and trading. More enterprises were established in the early 1990s; these included cement, paper, pulp, tissue paper and steel production, as well as LP Gas bottling and distribution. On 4 February 2014, The Bangladesh Supreme Court ordered Bashundhara Group officials to surrender before it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BASIC Bank
BASIC Bank Limited (founded as Bangladesh Small Industries and Commerce Bank) is a fully government owned bank in Bangladesh which was founded on 2 August 1988. The bank was founded to finance small enterprises. Abul Hashem is chairman of the bank. Md. Anisur Rahman is the managing director of the bank. More than 45 billion taka loan was defaulted from the bank, many of the loans were to companies that existed on paper only, with the support of former chairperson Sheikh Abdul Hye Bachhu. 100 borrowers accounted for 86 percent of the defaulted loans. History BASIC Bank Limited was established on 2 August 1988 began operations from 21 January 1989. It was owned by BCC Foundation, which owned 70 percent of the shares, and the government of Bangladesh, which owned the remaining 30 percent of the shares. On 4 June 1992, BCCI, which owned BCC Foundation, closed and the government of Bangladesh took over 100 percent ownership. In December 2003, Basic Bank signed an agreement with Int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mustafa Kamal (politician)
Abu Hena Mohammad Mustafa Kamal (Bengali language, Bengali: আবু হেনা মুহাম্মদ মুস্তফা কামাল; born 15 June 1947) much commonly known as Lotus Kamal is a Bangladeshi politician and businessman. He is a member of the Jatiya Sangsad representing the Comilla-10 constituency and is a former Minister for Planning and current Minister of Finance. He is the owner of Lotus Kamal Group, which is a well-known Bengali textile industry. Kamal was awarded the Finance minister, Finance Minister of the Year 2020 by the Banker. Early life Kamal was born on 15 June 1947 in Laksham Upazila, Laksham, Comilla District, Cumilla, East Bengal, British India. After the primary education from local Dattapur Primary School, SSC from Bagmara High School in 1962, later HSC from Comilla Victoria Government College, Cumilla Victoria Government College, and B.Com. (Honors) degree from Chittagong Government Commerce College in 1964–1967. In 1967 he finish ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mohammad Mejbahuddin
Muhammad ( ar, مُحَمَّد; 570 – 8 June 632 CE) was an Arab religious, social, and political leader and the founder of Islam. According to Islamic doctrine, he was a prophet divinely inspired to preach and confirm the monotheistic teachings of Adam, Abraham, Moses, Jesus, and other prophets. He is believed to be the Seal of the Prophets within Islam. Muhammad united Arabia into a single Muslim polity, with the Quran as well as his teachings and practices forming the basis of Islamic religious belief. Muhammad was born approximately 570CE in Mecca. He was the son of Abdullah ibn Abd al-Muttalib and Amina bint Wahb. His father Abdullah was the son of Quraysh tribal leader Abd al-Muttalib ibn Hashim, and he died a few months before Muhammad's birth. His mother Amina died when he was six, leaving Muhammad an orphan. He was raised under the care of his grandfather, Abd al-Muttalib, and paternal uncle, Abu Talib. In later years, he would periodically seclude himse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rajshahi Krishi Unnayan Bank
Rajshahi Krishi Unnayan Bank is a state-owned specialized bank in Bangladesh, a specialized financial institution for financing the farmers of the 16 districts of Rajshahi and Rangpur. The headquarters of the bank is in Rajshahi. History Rajshahi Krishi Unnayan Bank was established on 15 March 1987 through the Presidential Ordinance No 58. The Bank's headquarters are located in Rajshahi. The Bank was made for farmers of Rangpur and Rajshahi divisions. It received 253 branches of Bangladesh Krishi Bank in Rangpur and Rajshahi Division. The Bank worked with Asian Development Bank to implement Northwest Crop Diversification Project in 2003 to diversify the crops grown in Northern region of Bangladesh. The Ministry of Finance ordered Rajshahi Krishi Unnayan Bank to reschedule loans to farmers in flood affected areas in August 2004. The bank provided special loans to Monga affected farmers. It provided 6.77 billion taka in agriculture loans below its target of 7 billion taka. O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anti-Corruption Commission (Bangladesh)
The Anti Corruption Commission ( bn, দুর্নীতি দমন কমিশন) ''often abbreviated:'' ACC ( bn, দুদক) is the principal government agency against corruption in Bangladesh. History The Anti Corruption Commission was formed through an act promulgated on 23 February 2004 that came into force on 9 May 2004. Although initially, it could not make the desired impact, but immediately following its reconstitution in February 2007, the ACC began working with renewed vigor and impetus duly acceding to the United Nations' convention against corruption that was adopted by the General Assembly away back on 31 October 2003. Its framework and function is governed by Anti-Corruption Commission Act, 2004. In 2009, Ghulam Rahman was appointed chairman of the commission, replacing Hasan Mashhud Chowdhury. Anti Corruption Commission was formed through an act in 2004, but is considered to be largely ineffective in investigating and preventing corruption because of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rupali Bank Limited
Rupali Bank ( bn, রূপালী ব্যাংক) is a state owned commercial bank in Bangladesh. Its headquarters is in 34 Dilkusha, Dhaka. Kazi Sanaul Haque is the chairman of the bank. Mohammad Jahangir is the managing director of the bank. History Rupali Bank Limited was constituted with the merger of 3 erstwhile commercial banks i.e. Muslim Commercial Bank Limited, Australasia Bank Limited and Standard Bank which operated in the then East Pakistan on 26 March 1972, under the Bangladesh Banks (Nationalization) Order 1972. Rupali Bank worked as a nationalized commercial bank until 13 December 1986. When the Bank went public but the majority of the shares are still retained by the Government. Rupali Bank Limited emerged as the largest Public Limited Banking Company of the country on 14 December 1986. Rupali Bank automated its foreign exchange services in January 1999. From 1994 to 2003, Hafiz Ibrahim, member of parliament from Bhola served as the director of Rupali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karmasangsthan Bank
Karmasangsthan Bank () () is a specialised government owned bank in Bangladesh. The bank was founded to finance the unemployed to set up small enterprises. Ansar-VDP Unnayan Bank and the Probashi Kallyan Bank are two specialised banks like the Karmasangsthan Bank in Bangladesh. MD. Nurul Amin is the present chairperson of the Karmasangsthan Bank. History The bank was founded in 1998 by the Awami League government, with an approved capital of 3 billion taka. The Karmasangsthan Bank was established as per Karmasangsthan Bank Act No.7 of 1998. The bank was founded to increase income of people in rural areas of Bangladesh. According to Sahara Khatun the bank was neglected after the Bangladesh Nationalist Party came to power. Dewan Mujibur Rahman was appointed managing director of Karmasangsthan Bank in September 2004. In August 2007, Karmasangsthan Bank donated 416 thousand taka to the Chief Adviser's Relief and Welfare Fund. The highest interest rate charged by the bank in 2010 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladesh
Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the most densely populated countries in the world, and shares land borders with India to the west, north, and east, and Myanmar to the southeast; to the south it has a coastline along the Bay of Bengal. It is narrowly separated from Bhutan and Nepal by the Siliguri Corridor; and from China by the Indian state of Sikkim in the north. Dhaka, the capital and largest city, is the nation's political, financial and cultural centre. Chittagong, the second-largest city, is the busiest port on the Bay of Bengal. The official language is Bengali, one of the easternmost branches of the Indo-European language family. Bangladesh forms the sovereign part of the historic and ethnolinguistic region of Bengal, which was divided during the Partition of India in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
