Trust Bank Limited (Bangladesh)
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Trust Bank Limited (Bangladesh)
Trust Bank Limited is a private commercial bank established in 1999 in Bangladesh. It is backed by Army Welfare Trust of Bangladesh Army. General SM Shafiuddin Ahmed the chief of Bangladesh army is its chairman. It is one of the leading private commercial banks having a network of 114 branches, 7 SME Service Centers, 244 ATM Booths and 140 POS in 114 Branches across Bangladesh. History In 1999, the Bangladesh Army Welfare Trust established Trust bank limited. In 2001, the bank introduced automated branch banking system. In 2005, the bank introduced ATM services for its customers. In January 2007, Trust Bank launched online banking services. Customers can now deposit or withdraw money from any branch of Trust Bank nationwide without needing to open multiple accounts in multiple branches. In November 2008, Trust Bank denied allegations by Mahmudur Rahman that its former chairman, Hasan Mashhud Chowdhury, was involved with laundering money from the bank in 2002. Trust Bank annou ...
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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 ...
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Automated Teller Machine
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of names, including automatic teller machine (ATM) in the United States (sometimes redundantly as "ATM machine"). In Canada, the term ''automated banking machine'' (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM over ABM. In British English, the terms ''cashpoint'', ''cash machine'' and ''hole in the wall'' are most widely used. Other terms include ''any time money'', ''cashline'', ''tyme machine'', ''cash dispenser'', ''cash corner'', ''bankomat'', or ''bancomat''. ATMs that are not operated by a financial i ...
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Banks Established In 1999
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 ...
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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 ...
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Canteen Stores Department (Bangladesh)
Canteen Stores Department, Bangladesh (CSD) is a military-owned retail chain store in Bangladesh. Owned and run by the Bangladesh Army, it provides a variety of food, electronics and other consumer goods. Army personnel are entitled to special discounts at all CSD outlets. The popular local fast food chain Captain's World is also owned and run by the CSD. The first Captain's World opened in 2007 near Jahangir Gate of Dhaka Cantonment and a second branch opened in Uttara. The third branch of Captain's World was opened in 2011 in Dhanmondi. CSD also runs Captain's Bakery and Cinderella Shopping Mall. In July 2020, retired Lieutenant General Chowdhury Hasan Sarwardy was banned from CSD outlets. See also *Canteen Stores Department (India) The Canteen Stores Department, (CSD), is a solely owned Government of India Enterprise under Ministry of Defence and has its depot in all major military bases operated by the Indian Armed Forces. CSD are the most profitable retail chain in ...
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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 ...
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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 ...
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Md Moshfequr Rahman
Md Moshfequr Rahman is a retired Major General of Bangladesh Army who served as the Adjutant General at Army Headquarter. Prior to join AG Branch, He was Vice Chancellor of Bangladesh University of Professional. He was the Vice Chairman of Trust Bank Limited and Astha Life Insurance Company Limited. Education Rahman has three masters from the Bangladesh University of Professionals, the National University, Bangladesh, and the University of Madras respectively. Career Rahman had served as an instructor in the School of Infantry and Tactics, National Defence College, and Defence Services Command and Staff College. He had also been the Commandant of the Bangladesh Infantry Regimental Center. Rahman had served as the General officer commanding of the 11th infantry division. In 2017, he reviewed Sampriti joint military exercise between Bangladesh and India. Bangladesh Army's 38th East Bengal Regiment and IV Corps of India participated in the exercise held in Counter-Insurgen ...
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Hasan Mashhud Chowdhury
Hasan Mashhud Chowdhury (born 9 September 1948) was a Bangladesh Army general who was 11th Chief of Army Staff of the Bangladesh Army from 16 June 2002 to 15 June 2005. He was the last officer to serve in this position who had first been commissioned by and served with the Pakistani Army, before the Liberation War of 1971. He served for two years before the war. After Chowdhury retired from his career with the Bangladesh Army, in October 2006 he was appointed as an adviser of the interim caretaker government. Chowdhury and three other advisers, Akbar Ali Khan, C M Shafi Sami and Sultana Kamal, resigned in December . In 2007, Chowdhury was appointed as chairman of the Anti-Corruption Commission. He served nearly two years until April 2009 and resigned during Sheikh Hasina's government period. Early life and education Hasan Mashhud Chowdhury spent his childhood in Sylhet. His student life started in a ''patshala'' in Kanishail Village of Sylhet. As his father had work that ...
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Mahmudur Rahman
Mahmudur Rahman ( bn, মাহমুদুর রহমান ; born 6 July 1953) is the one of the owners and acting editor of one of Bangladesh's Bengali daily newspapers, ''Amar Desh''. He is also an author, engineer and businessman. Established in business, Mahmudur Rahman was appointed the executive chairman of the National Investment Board in 2002, and then elevated to national energy adviser in 2005. In both positions, Rahman set high goals for attracting foreign investments and increasing energy capacity in Bangladesh. While he had success in attracting foreign investors, he also took controversial steps such as increasing petrol prices or developing open-pit mines that set off protests across the country. Since the restoration of civilian government and the Awami League victory in 2008, Rahman has been a strong critic of the government through his newspaper. Party and government officials have reacted by charging him with defamation and sedition cases more than 50 time ...
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Point Of Sale
The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed but can also be dispensed with or sent electronically. To calculate the amount owed by a customer, the merchant may use various devices such as weighing scales, barcode scanners, and cash registers (or the more advanced "POS cash registers", which are sometimes also called "POS systems"). To make a payment, payment terminals, touch screens, and other hardware and software options are available. ...
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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 ...
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