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The President of the COUNCIL is the Honorable Governor of Bangladesh Bank. The Vice-President is the CEO & Managing Director of Sonali Bank PLC, the largest state-owned commercial bank operating in Bangladesh. The Chief Executive Officer/ Director General of IBB will be appointed by the COUNCIL for 02 (two) years on contractual basis.
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. [5]
Bangladesh Institute of Bank Management was established in 1974 to train officials of banks and financial institutions of Bangladesh. Since then, BIBM has extended its scope to include providing Masters in Bank Management (MBM) and Evening MBM (EMBM) degrees, carrying out research in banking and finance, holding seminars and round table discussions, and aiding financial institutions in their ...
On 7 April 1972, after the Bangladesh Liberation War and the eventual independence of Bangladesh, the Government of Bangladesh passed the Bangladesh Bank Order, (P.O. No. 127 of 1972), reorganising the Dhaka branch of the State Bank of Pakistan as Bangladesh Bank, the country's central bank and apex regulatory body for the country's monetary and financial system.
Bangladesh Bank is the central bank of Bangladesh and the chief regulatory authority in the banking sector. According to the Bangladesh Bank Order, 1972 the Government of Bangladesh reorganized the Dhaka Branch of the State Bank of Pakistan as the central bank of the country and named it Bangladesh Bank with retrospective effect from 16 ...
On 5 September 2021, Bangladesh Securities and Exchange Commission approved the Union Bank PLC plan to go for IPO. [8] Union Bank 4.28 billion taka from the stock market which would make it the fourth largest IPO in the history of Bangladesh and the largest for the banking sector in the country. [8] [9]
AB Bank received appreciation letter from Bangladesh Bank as they have successfully disbursed 100 percent farm loans during the coronavirus pandemic. [9] AB Bank President and Managing Director Tarique Afzal received the Award for being one of the highest taxpayers in banking sector for 2021-22 fiscal year at the Large Taxpayers Unit. [10]
The university exercises academic control over the colleges according to the National University Act 1992 mandated by the National Parliament of Bangladesh and the statutes of the university. It provides the curricula and syllabi, arranges admission test, gives guidelines for admission, arranges inspection, holds examination, publishes results ...