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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 ...
The president of Chittagong Stock Exchange, Fakhor Uddin Ali Ahmed, asked Central Depository Bangladesh Limited to reduce their fees to increase the confidence of stock market investors in September 2011. [12] Bangladesh Bank ordered the Central Depository Bangladesh Limited to examine accounts held by depository participants in November 2014. [13]
The sectors have been categorized in accordance with their degree of regulation. The formal sector includes all regulated institutions like banks, non-bank financial institutions (FIs), insurance companies, capital market Intermediaries like brokerage houses, merchant banks etc.; micro finance institutions (MFIs).
Union Capital Limited is a major Non-bank financial institutions of Bangladesh based in Dhaka. It is listed on the Dhaka Stock Exchange and the Chittagong Stock Exchange. [1] [2] Union Capital Limited had 10.48 billion BDT losses in 2024. [3] Munshi Shafiul Haque, an independent director, is the chairman of Union Capital Limited. [4]
Offshore Banking Operation (OBO) was first introduced by Bangladesh Bank in 1985 through a circular for allowing active foreign financing at Export Processing Zones (EPZs). Banks operated the services with Bangladesh Bank approval without any separate law for an offshore banking system until the enactment of the Offshore Banking Act, 2024.
"The bank has gained its funding from different sources, and the main contributors have shifted over time." [23] In the initial years, donor agencies used to provide the bulk of capital at low rates. [23] By the mid-1990s, the bank started to get most of its funding from the central bank of Bangladesh. [23]
The move comes as the government looks to have a functional ICB ordinance in place after the Investment Corporation of Bangladesh Ordinance, 1976 was declared illegal due to its issuance during the military regime (1975–1981). Therefore, this bill is aimed to replace the 'Investment Corporation of Bangladesh Ordinance, 1976'. [4] [5]
Credit Rating Information and Services Limited. Credit Rating Information and Services Limited (CRISL) [1] is the first credit rating company in Bangladesh.This company was incorporated with the Registrar of Joint Stock Companies in 1992 and Credit Rating Company rules 1996 as a recognized ECAI, [2] and has been operating as the first rating company in the country since 1995.