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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] |
Private Limited Company
A private limited company is any type of business entity in "private" ownership used in many jurisdictions, in contrast to a publicly listed company, with some differences from country to country. Examples include the '' LLC'' in the United States, '' private company limited by shares'' in the United Kingdom, '' GmbH'' in Germany and Austria, '' société à responsabilité limitée'' in France, and '' sociedad de responsabilidad limitada'' in the Spanish-speaking world. The benefit of having a private limited company is that there is limited liability. However, shares can only be sold to shareholders in the business, which means that it can be difficult to liquidate such a company. Abbreviations Albania In Albania a limited liability company ( sq, Shoqëri me përgjegjësi të kufizuar Sh.p.k) is a commercial company founded by persons of physical or judicial status, who are not liable for the company and personally bear losses only up to the outstanding contribution agr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladesh Inland Water Transport Authority
The Bangladesh Inland Water Transport Authority ( bn, বাংলাদেশ অভ্যন্তরীণ নৌপরিবহন কর্তৃপক্ষ) also known as BIWTA is the authority who controls the inland water transport in Bangladesh. It's also responsible for managing development and maintenance of inland water transport system. History Formation The department was first established in 1958 by the former East Pakistan government as East Pakistan Inland Water Transport Authority (EPIWTA). It was established for overall control, management, and development of inland water transports in the entire region. This agency was introduced on October 31, 1958, with the ordinance called the East Pakistan Inland water Transport Authority Ordinance 1958 (E.P. Ordinance, NO LXXV of 1958). Later the government appointed three constituted authority of this institution on November 4, 1958. After independence of Bangladesh Independence of Bangladesh was declared on 26 March ... [...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] |
Tarek Reaz Khan
Tariq ( ar, طارق) is an Arabic word and given name. Etymology The word is derived from the Arabic verb , ('), meaning "to strike", and into the agentive conjugated doer form , ('), meaning "striker". It became popular as a name after Tariq ibn Ziyad, a Muslim military leader who conquered Iberia in the Battle of Guadalete in 711 AD. In literature and placenames Ṭariq is used in classical Arabic to refer to a visitor at night (a visitor "strikes" the house door). Due to the heat of travel in the Arabian Peninsula, visitors would generally arrive at night. The use of the word appears in several places including the Quran, where ṭāriq is used to refer to the brilliant star at night, because it comes out visiting at night, and this is the common understanding of the word nowadays due to the Qur'an. It can also be found in many poems. For example, from the famous poets Imru' al-Qais and Jarir ibn Atiyah. Gibraltar is the Spanish derivation of the Arabic name Jabal Aṭ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Syed Rafiqul Haque
Syed Rafiqul Haque Sohel is a politician in Sunamganj District of Sylhet Division of Bangladesh. He was elected a member of the parliament from the Sylhet-1 (now Sunamganj-1) as a Bangladesh Nationalist Party candidate in 1979 and was elected a member of the parliament from the Sunamganj-1 as a candidate of Bangladesh Awami League in the June 1996 parliamentary election. Birth and early life Syed Rafiqul Haque Sohel was born in Sunamganj District of Sylhet Division of Bangladesh. Political life He stood as a People's Democratic Party (PDP) candidate in the 1970 Pakistani general election. He was elected to parliament from Sylhet-1 (now Sunamganj-1) as a Bangladesh Nationalist Party candidate in 1979. and elected a member of the parliament from the Sunamganj-1 as a candidate of Bangladesh Awami League 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladesh Textile Mills Corporation
Bangladesh Textile Mills Corporation, or BTMC, is a public corporation that owns and manages all government textile mills in Bangladesh and is located in Dhaka. It manages 18 government owned textile factories. History The corporation was established on 26 March 1972 through the nationalization of textile mill Textile Manufacturing or Textile Engineering is a major industry. It is largely based on the conversion of fibre into yarn, then yarn into fabric. These are then dyed or printed, fabricated into cloth which is then converted into useful goods ...s in Bangladesh. It owns Eagle Textile in Chittagong. The Ministry for Textiles and Jute is responsible for running the corporation. The corporation has the largest liability of any state owned enterprise in Bangladesh with 76.54 billion taka in loans. Nearly 99% of its loans are in default. Rangamati Textile Mill is also owned by the corporation. It used to manage 86 government owned textile mills which has been reduced to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sonali Bank
Sonali Bank Limited ( bn, সোনালী ব্যাংক লিমিটেড) is the principal state-owned leading public commercial bank in Bangladesh. It is the largest bank in the country. Ziaul Hasan Siddiqui is the chairman of the Bank. Niranjan Chandra Debnath and Sanchia Binte Ali are the deputy managing directors of the bank. History Sonali Bank was established in 1972 under the Bangladesh Banks (Nationalisation) Order, through the amalgamation and nationalisation of the branches of National Bank of Pakistan, Bank of Bahawalpur, and Premier Bank branches located in East Pakistan until the 1971 Bangladesh Liberation War. When it was established, Sonali Bank had a paid up capital of 30 million taka. From 1996 to 1999, Dr Atiur Rahman served as a director of Sonali Bank. In 2001, its authorised and paid up capital were Tk 10 billion and Tk 3.272 billion respectively. Presently, its authorised and paid up capital is Tk 10 billion and Tk 9 billion respectively. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petrobangla
PetroBangla (Bangladesh Oil, Gas & Mineral Corporation; bn, পেট্রোবাংলা) is a government-owned national oil company of Bangladesh. It explores, produces, transports, manages and sells oil, natural gas and other mineral resources. It also concludes production sharing agreements with other international oil companies for exploration and development of oil and gas resources in Bangladesh. History PetroBangla was founded in 1985 by merging two government organization, Bangladesh Oil & Gas Corporation (BOGC) and Bangladesh Mineral Development Corporation (BMEDC). To import liquefied natural gas, PetroBangla signed an agreement with Gunvor Singapore in 2018. In September 2019, Qatargas delivered the first cargo of liquefied natural gas from a Q-Flex vessel to Petrobangla's Floating Storage and Regasification Unit off Bangladesh. In January 2020, PetroBangla and Gazprom signed a Memorandum of Understanding for strategic cooperation. The group's current Cha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mongla Port Authority
Mongla Port Authority is an autonomous organisation responsible for Mongla Port and is located in Mongla, Bangladesh. The Chairman of Mongla Port Authority is Rear Admiral Mohammad Musa, OSP, NPP, rcds, afwc, psc, PhD. History The port authority was established on 1987. In 2013 Mongla port awarded the contract for 5 vessels from Timblo Drydocks in Goa, India. Mongla Port Authority Chief Engineer Altaf Hussain was under investigation of Bangladesh Anti Corruption Commission 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 Commissio ... for alleged grafts in awarding contracts. The same year the port authority signed a US$250 million deal with China for the modernisation of the Port. Dredging Corporation of India won a 1 billion rupee contract to dredge Mongla port from Mongla Port Authorit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jiban Bima Corporation
Jiban Bima Corporation (JBC) is the state-run life insurance corporation in Bangladesh under the provisions of the Insurance Act 1938, Insurance Rules 1958, and related other laws enforceable in Bangladesh in Bangladesh Corporation Act 1973. The JBC started on 14 May 1973 with assets and liabilities worth TK. 157 million of defunct 37 life Insurance companies. History Pakistan period (1947–1971) After partition of India three insurance companies were under Muslim ownership: The Eastern Federal Union Insurance Company Limited, Muslim Insurance Company Limited and Habib Insurance Company Limited. These three companies moved to Pakistan and registered to transact business there.Rashid, Harunur (2010). "An Image of an Insurer" in The total number of insurers (life plus life and general) registered in Pakistan in 1951, 1961 and 1971 were 13, 17 and 75 respectively. In 1971, out of 75, ten of the 40 Pakistani companies were exclusively engaged in life insurance business, 21 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
