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NRB Commercial Bank Limited
NRBC Bank PLC. is a bank in Bangladesh. SM Parvez Tamal is the chairperson of the bank. The bank is listed on the Dhaka and Chittagong stock exchanges. Golam Awalia is the CEO and managing director of the bank. History NRBC Bank PLC. was established on 2 April 2013. It was launched at Sonargaon Hotel and at the time was the first NRB bank of Bangladesh. In April 2016, Farasath Ali was re-elected chairman of the bank and Toufique Rahman Chowdhury, founder of Metropolitan University, Sylhet, was reelected vice chairman of the bank. In October 2017, the Parliamentary Standing Committee on the finance ministry expressed deep concerns over the activities of NRB Commercial Bank Limited and The Farmers Bank Limited and called for protecting them from bankruptcy. An investigation by Bangladesh Bank had found massive irregularities against the two banks. Chairman of NRB Commercial Bank Limited, Farasath Ali, did not attend the meeting of the Parliamentary Standing Committee on the finan ... [...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] |
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] |
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] |
Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Managing Director
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metropolitan University, Sylhet
Metropolitan University ( bn, মেট্রোপলিটন ইউনিভার্সিটি) or MU is a private university in Sylhet and was established in 2003 by a social worker, Toufique Rahman Chowdhury, with the approval of the Ministry of Education under the Private University Act, 1992 (amended in 1998). Achievements Metropolitan University has been approved and accredited by the Government of the People's Republic of Bangladesh and University Grants Commission (UGC) of Bangladesh. Besides, Metropolitan University is an Institutional Member of the Association of Management Development Institution in South Asia (AMDISA) and the Member of Association of Management Development Institution in Bangladesh. The Chairman of Accreditation Service of International College (ASIC), Moris Dimok, inspected Metropolitan University on 6 October 2014 and expressed satisfaction by observing the atmosphere of university. On 19 December 2009, Ataul Karim, Vice President (Res ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Farmers Bank Limited
Padma Bank Limited, formerly known as The Farmers Bank Limited, is a private commercial bank headquartered in Gulshan-1, Dhaka, Bangladesh. The bank was established in 2013. The fourth generation bank commenced its banking operation on June 3, 2013. By an order On 29 January 2019 Bangladesh Bank has changed the name of The Farmers Bank Limited to Padma Bank Limited after the bank failed to pay its liabilities due numerous bad loans and embezzlements. Chowdhury Nafeez Sarafat is the Chairperson of Padma Bank Limited. History The Farmers Bank Limited was established in 2013 and was granted a licence due to the political links of its founder Muhiuddin Khan Alamgir. In January 2016, Bangladesh Bank appointed an observer to The Farmers Bank Limited who had found evidence of irregularities with the distribution of 4 billion taka loans. Farmers Bank used its security deposit money with Bangladesh Bank to payback interbank short-term loans to four banks for a total of 7 billion tak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mercantile Bank (Bangladesh)
Mercantile Bank Limited is a commercial bank headquartered in Dhaka, Bangladesh. History Mercantile Bank is a public limited company with limited liability under the bank companies act, 1991. Its share are listed in Dhaka Stock Exchange and Chittagong Stock Exchange. The bank provide products and services in retail banking, corporate finance, Islamic finance, asset management, equity brokerage and security. It has 119 branches in Bangladesh and employs around 2,300 employees. In April 2009, Mohammad Abdul Jalil, a former Awami League Commerce Minister, was elected chairman of Mercantile Bank. Md Abdul Jalil was re-elected chairman of Mercantile Bank in April 2012. On 9 January 2013, M Ehsanul Haque was appointed managing director of Mercantile Bank. In May 2013, Bangladesh Bank found a director of Mercantile Bank, Md Shahabuddin Alam, was involved with illegal transaction involving subsidiaries of SA Group of Industries. M Amanullah was elected chairman of Mercantile Ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mohammad Shahid Islam
Mohammad Shahid Islam (known as Kazi Papul; born 18 May 1963) is a Bangladeshi businessman, politician and a former Jatiya Sangsad member representing the Lakshmipur-2 constituency during 2018–2021 as an independent candidate. Islam is serving 7-year imprisonment in Kuwaiti jail due to human trafficking, money laundering and bribing cases against him, since January 2021. Background and education Islam was born on 28 May 1963 in Raipur Upazila of Lakshmipur District to Mohammad Nurul Islam and Tuhrun Nesha. Political life Islam defeated Abul Khair Bhuiyan of BNP as an independent politician candidate in the 11th Jatiya Sangsad elections in 2018. Charges and convictions in Kuwait On 6 June 2020, Islam was detained on allegations of human trafficking and money laundering from Mishref residential area of Kuwait City by Kuwait's CID. Earlier on 27 February, Anti-Corruption Commission of Bangladesh opened an enquiry against him for amassing Tk 1,400 crore by human trafficking to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NRB Bank
NRB Bank is one of the third generation private banks in Bangladesh. Mohammed Mahtabur Rahman, chairman of Al Haramain Perfumes, is the chairman of the NRB Bank. Mohammed Jamil Iqbal and Tateyama Kabir are vice-chairmen of the NRB Bank. Mehmood Husain is the CEO and Managing Director of NRB Bank. History Migrants Bangladeshis were demanding such type of bank since 1990s. However, Md. Bayazid Sarker an economist and Central Bank official of Bangladesh first develop a theoretical structure of the bank and officially floated the idea in his research paper titled "Alternative Resource of World Bank for External Financing in Bangladesh: A Foreign Remittance Approach" on 15 December 2007 in Dhaka. Bangladesh Bank called for NRB bank applications in 2011 and finally issued three NRB Bank (Non-resident Bangladeshis Bank) licenses in 2013; the NRB Banks are NRB Commercial Bank Limited, NRB Bank Limited and NRB Global Bank Limited Global Islami Bank, former known as NRB Global Bank, is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dhaka Stock Exchange
The Dhaka Stock Exchange (DSE) ( bn, ঢাকা স্টক এক্সচেঞ্জ ''Dhaka stôk ekschenj''), located in Nikunja, Dhaka, is one of the two stock exchanges of Bangladesh, the other being the Chittagong Stock Exchange. In 2021, the combined market capitalisation of listed companies on the Dhaka bourse stood at over $68 billion. History First incorporated as East Pakistan Stock Exchange Association Ltd on 28 April 1954 and started formal trading in 1956. It was renamed as East Pakistan Stock Exchange Ltd on 23 June 1962. Again renamed as Dacca Stock Exchange Ltd on 13 May 1964. After the liberation war in 1971 the trading was discontinued for five years. In 1976 trading restarted in Bangladesh, on 16 September 1986 DSE was started. The formula for calculating DSE all share price index was changed according to IFC on 1 November 1993. The automated trading was initiated on 10 August 1998 and started on 1 January 2001. A central securities depository sys ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
