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In April 2024, the central bank of Bangladesh issued banking merger policy for merger of weak banks with strong banks – both voluntary and mandatory. [2] Following merger process are ongoing: [3] Padma Bank Limited merged with EXIM Bank PLC; National Bank Limited did not merge with United Commercial Bank PLC; BASIC Bank PLC merged with City ...
The bank sponsored the "Beautification Project" of Dhaka mega city conducted by Dhaka City Corporation. [11] [12] It organized a 630 million BDT loan for Outpace Spinning Mills Limited in October 2007. [13] On 2009, the bank made history for being the first privately owned bank in Bangladesh to open an exchange house in the UK. [14]
BoI is a founding member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications), which facilitates provision of cost-effective financial processing and communication services. As on 31 December 2024, Bank of India's total business stands at ₹ 1,446,295 crore (US$170 billion), [ 5 ] has 5,200 branches and 8166 ATMs & CRM ...
This list of banks that have merged to form the State Bank of India includes financial institutions that were at one point or the other merged with the State Bank of India or any of its subsidiaries. This list includes the banks which have been subsidiaries or associates of the State Bank of India.
As of 2017, Islamic banking, led by Islami Bank Bangladesh Ltd, controls 20% of deposits in Bangladesh. [12] Bangladesh operates the world's biggest Islamic microfinance scheme. [ 12 ] According to Bangladeshi government polling, Islamic banking has an overall approval rating of 84% among the country's population.
UBI was the result of the merger in 1950 of four Bengal-based banks: Comilla Banking Corporation (founded by Narendra Chandra Dutta in 1914 in what is now Bangladesh), Bengal Central Bank (founded by J. C. Das in 1918), Comilla Union Bank (founded by Indu Bhusan Dutta in 1922) and Hooghly Bank (founded by D. N. Mukherjeee in 1932).
NCC Bank was founded in 1985 as an investment company in the name of NCL (National Credit Limited). [1] It became a scheduled commercial bank after receiving permission from the central bank in 1993 and started with a paid up capital of Tk. 390 million. [1] In June 2008, Tofazzal Hossain was elected chairman of NCC Bank. [6]
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. [10]