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Bengal Commercial Bank Limited
Bengal Commercial Bank Limited is a fifth generation private commercial bank in Bangladesh. Md. Jashim Uddin, Vice Chairman of Bengal Group of Industries, is chairman of Bengal Commercial Bank Limited. Ghulam Mohammed Alomgir, the chairman of Max Group, is the vice chairman of Bengal Commercial Bank Limited. History Bangladesh Bank provided a letter of intent to Bengal Commercial Bank Limited in February 2019 along with two other banks, Community Bank Bangladesh and Citizens Bank PLC. Bengal Commercial Bank Limited was established on 23 February 2020 by the Bengal Group of Industries. The Bank was originally called Bengal Bank. Bangladesh Bank initially opposed the license of the new bank as it believed the market was oversaturated. It relented following pressure from the government and the minister of finance, A. M. A . Muhith. In March 2021, the Minister of Finance, AHM Mustafa Kamal, inaugurated the bank at the Pan Pacific Sonargaon. Tarik Morshed was the first managing dir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
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] |
Pan Pacific Sonargaon
Pan Pacific Sonargaon is a hotel in Dhaka. It is one of the oldest 5 star hotel in Bangladesh and is owned by the Government of Bangladesh and operated by Pan Pacific Hotels and Resorts. History Hotels Internation Limited was established on 25 June 1977 as a public limited company to establish a five star hotel in Dhaka. The foundation of Pan Pacific Sonargaon was laid on 17 October 1977. The construction was financed by Overseas Economic Cooperation Fund (later renamed to Japan Bank for International Cooperation) as a loan to the government of Bangladesh. Pan Pacific Sonargaon was established in 1981. The hotel was designed by Hawaii-based architect Peter Hsi. Pan Pacific Hotels and Resorts was hired to manage the hotel as Bangladesh lacked the necessary experience of operating a 5 star hotel. An 8 acres site in Kawran Bazar, Karwan Bazar was chosen as the construction site. On 13 October 2003, Hotel International Limited announced plans to spend one billion taka to renovate th ... [...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] |
Keraniganj Upazila
Keraniganj ( bn, কেরানীগঞ্জ) is an upazila of Dhaka District in the division of Dhaka, Bangladesh. History It is believed that during the reign of Nawab Shaista Khan the paik-peyada and clerical staff (kerani) of the Nawab used to live on the other side of the river Buriganga. Keraniganj is named after this. Historically, it is believed that, after the regime change in 1757, Nawab Siraj ud-Daulah's wife and one of his aunts were in prison at Zinzira in Keraniganj. Strategically, Keraniganj played a vital role during the liberation war of Bangladesh (1971), specially in the guerilla warfare. Many of the guerilla operations in Dhaka city were planned and conducted from Keraniganj and, for this reason, it had to pay for this. The Pakistani army set fire to many houses in Konakhola, Basta, Brahmankirtha, Ghatarchar, Monohorea, Joynagar, Ramerkanda, Rohitpur, Poraati, Goalkhali and Khagail Kholamora villages. The Pakistani Army fired on many people at Zinzira on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nagad
Nagad ( bn, নগদ) is a Bangladeshi Digital Financial Service (DFS), operating under the authority of Bangladesh Post Office, an attached department of the Ministry of Post and Telecommunication (Bangladesh),. It is the new version of the previously introduced Postal Cash Card and Electronic Money Transfer System (EMTS) of the Bangladesh Post Office. Nagad also becomes the 2nd Unicorn startup (a startup whose valuation is $1 billion or more) in Bangladesh, after bkash. Nagad headquarters located at Kemal Atatürk Avenue in Dhaka, Bangladesh. Formation In 2017 "Third Wave Technology Ltd" makes an agreement with Bangladesh Post Office (BPO) for Mobile Financial Service (MFS) under BPO. Though BPO had no ownership of Third Wave Technologies Ltd, there was profit sharing between them. Third Wave Technologies Ltd was renamed as Nagad Ltd in February 2019 allegedly without informing BPO. In March 2019, Nagad Ltd started out as the mobile financial service (MFS) of the Banglades ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ria Money Transfer
Ria Money Transfer is a subsidiary of Euronet Worldwide, Inc., which specializes in money remittances. Ria initiates transfers through a network of agents and company-owned stores located throughout North America, Latin America, Europe, Asia-Pacific, Africa, and online. Ria is one of the big four remittance companies. History The company opened its first store in 1987. Ria has since grown to become the third largest money transfer service in the world. In 2006, Ria was acquired by Euronet Worldwide, Inc., becoming part of its money transfer segment together with XE. Ria began working with post offices in 2010 and on July 31, 2014, partnered with Postbank, which is owned by the Kenyan Government. This allowed customers to send money through any of the bank's 99 branches, or receive it directly into their accounts. In 2014, the company launched ''Walmart-2-Walmart Powered by Ria'', a Walmart money transfer service within the US. The service allows customers to transfer money t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Rating Information And Services Limited
Credit Rating Information and Services Limited (CRISL) is the first credit rating company in Bangladesh. This company was incorporated with the Registrar of Joint Stock Companies in 1992 and Credit Rating Company rules 1996 as a recognized ECAI, and has been operating as the first rating company in the country since 1995. Rating history in Bangladesh Initially, all credit risk assessments were done internally by SEC Bangladesh (Security Exchange Commission of Bangladesh). which acts as the regulatory body of the external rating institutions. This scenario has been changing slowly as dependency and trust on ECAI is growing stronger. Bank loan exposure rating in Bangladesh Financing in Bangladesh economy is more bank loan oriented compared to capital market or bond market. Clients prefer availing banking facilities to finance their business for its easy accessibility and business-friendly relationship. In addition, the private sector is more "private limited", company oriente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federation Of Bangladesh Chambers Of Commerce & Industries
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI; bn, বাংলাদেশ শিল্প ও বণিক সমিতি) is the apex trade organization of Bangladesh playing a pivotal role in consultative and advisory capacity, safeguarding the interest of the private sector in the country. History The Federation of Bangladesh Chambers of Commerce and Industry was established in 1973 under the Trade Organization Ordinance and Companies Act, 1913. Objectives and functions * To coordinate and promote the interest of its federating units-Chambers of Commerce, Trade and Industrial Association * To aid and stimulate investment, development of trade, commerce, industry, agriculture, tourism, human resources and communication sectors in Bangladesh * To project, encourage and safeguard the cause of the private sector through effective participation in the process of consultation and inter-action with the Government, Ministerial Consultative Committees and othe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Community Bank Bangladesh
Community Bank Bangladesh PLC. is one of the newly approved Scheduled Banks of Bangladesh. This bank is fully owned by Bangladesh Police Welfare Trust. Masihul Huq Chowdhury is the CEO and Managing Director of the Bank. The board meetings of the bank is held at the headquarters of Bangladesh Police. The Inspector General of Police, Chowdhury Abdullah Al-Mamun, is the chairman of the bank. History On 23 May 2018, Bangladesh Police Welfare Trust applied for a license from Bangladesh Bank to open a bank named Community Bank Bangladesh Limited. The trust is owned by Bangladesh Police. Bangladesh Bank approved the license application of the Bank in October 2018. The Bank was officially listed on 4 November 2018. Finance Minister of Bangladesh, Abul Maal Abdul Muhith, criticised Bangladesh Bank for approving Community Bank Bangladesh, Citizens Bank PLC, Bengal Commercial Bank Limited, and People's Bank Limited. He expressed unhappiness as he believed the banks were approved on pol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dhaka
Dhaka ( or ; bn, ঢাকা, Ḍhākā, ), formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city in the world with a population of 8.9 million residents as of 2011, and a population of over 21.7 million residents in the Greater Dhaka Area. According to a Demographia survey, Dhaka has the most densely populated built-up urban area in the world, and is popularly described as such in the news media. Dhaka is one of the major cities of South Asia and a major global Muslim-majority city. Dhaka ranks 39th in the world and 3rd in South Asia in terms of urban GDP. As part of the Bengal delta, the city is bounded by the Buriganga River, Turag River, Dhaleshwari River and Shitalakshya River. The area of Dhaka has been inhabited since the first millennium. An early modern city developed from the 17th century as a provincial capital and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Max Group (Bangladesh)
Max Group is an Indian conglomerate headquartered in New Delhi, operating in the fields of life insurance, healthcare, hospitality, real estate and independent senior living. It was founded in 1985 by Analjit Singh. Max Group companies include Max Life Insurance, Max Financial Services, Max Ventures and Industries, Max India, Max Specialty Films, Max Estates, and Antara Senior Living. History Max Group traces its origin to the company inherited by Analjit Singh in 1985, following the death of his father Bhai Mohan Singh, founder of pharmaceutical company Ranbaxy Laboratories. Then named Max India (same as that of the current publicly listed Max Group company), it started life as a manufacturer of an active drug compound for penicillin. In 1993, the group ventured into telecommunications by forming a joint venture with Hutchison Asia Telecom Group, called Max Telecom. Max Telecom was later sold to Vodafone and became Vodafone India. The group shifted its focus from being a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bengal Group Of Industries
Bengal Group (also known as Bengal group of Industries) is a Bangladeshi conglomerate (company), conglomerate. It was established in 1969. It includes Bengal Plastic the largest plastic manufacturer in Bangladesh. Morshed Alam, a member of parliament from Awami League, is the chairman of the Bengal Group of Industries. The Vice chairman of the group is Md Jashim Uddin, younger brother of Morshed Alam. History Bengal Group of Industries was established in 1969 by Morshed Alam in rented factory in Old Dhaka. In 2004, Jashim Uddin became the president of Bangladesh Plastic Goods Manufacturers and Exporters Association. In June, Bengal Group purchased Rahmania Biscuit and Bread Industries. In March 2007, a fire started at the headquarters of the group in first floor of BSEC (Bangladesh), BSEC Bhaban in Kawran Bazar, Karwan Bazar leaving four dead and 36 injured. The office of Dandy Dying also burned down on the eight floor. In 2008, The Daily Star (Bangladesh), The Daily Star and DHL ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
