Advantages Of Bangladesh Development Bank

-Probably the Reserve Requirements, if they didn’t have that the bank would be able to screw the government and anyone who uses the bank.

The change and advancement in technology are a significant factor in the banking business. Technology has led to tremendous improvements in this industry. Since the commencement of this millennium, people have shown great love for their mobile phones (Ozaki 1992). It necessitated the invention of mobile applications (APPs). From the introduction of the mobile banking, APP people rarely go to the banks. All their transactions get done simply by the stroke of a finger. Businesses face a challenge of adapting to changes in the technology sector. Mobile banking either through actual investing or any other means is on the rise.

Only one state-owned General Insurance Corporation operating in Bangladesh under the direct control and supervision of the ministry of the commerce, government of the people’s republic of Bangladesh is Sadharan Bima Corporation. It is now dealing with all classes of general insurance & re-insurance businesses in Bangladesh, emerged on 14th May, 1973 under the Insurance Corporation Act (Act No. VI) Of 1973. Sadharan Bima Corporation was acted as the sole insurer of general Insurance till 1984. In that year Bangladesh Government allowed insurance in private sector. Sadharan Bima Corporation has a very strong financial base. It has a market share of over 20% of the total premium income of the insurance market

. Mobile services not only offer a new, convenient channel for existing customers of banks, the technology will also provide access to 3 Bnstrong global unbanked population

"Bangladesh" is a combination of the Bengali words, Bangla and Desh, meaning the country or land where the Bangla language is spoken. The country formerly was known as East Pakistan.

Bangladesh has got its independence on 1971. After that on 1972 Bangladesh got her 1st constitution. Initially according to primary constitution the government was

With the advance technology, banking has become a 24 hours a day and seven days a week ability. Not too long ago banks were only open from 9:00am to 3:00pm, workers and businesses rushing to get to the bank before they close. Paychecks were handed out personally not direct deposit, cashing or depositing a paycheck entailed a trip to the bank. Now most companies have direct deposit and the printed paycheck is becoming a thing of the past, this is only one example of how technology in banking has changed in society. The electronic banking (e-banking) can be described as the automated method of new and traditional banking services which reduce cost, and simplify front and backend process satisfying customers.

Technological advancement has had a gigantic effect in the banking industry. Over the past few decades, the financial services industry has changed considerably with banking transforming from the pen and paper method to the computers and internet method. The pen and paper method took weeks or even months for the transaction to be eventually completed, and then the dramatic introduction of the computer and internet method which changed that time frame to only a matter of seconds to be completed, which reduced the amount of time and labor needed to complete a transaction significantly. Banking is considered one of the most important economic sectors with it being severely influential and responsive to any little change, whether it is domestic or international. Some extreme changes that were brought about by the development of this new technology turned into a globalized nature for the financial services industry. One stroke of a key on a computer could and would change a person 's life extensively or even have a global impact. The new technologies that were created and introduced changed how the consumers managed their money from that time on. Technology has helped to protect peoples’ hard earned money and make it much more impossible for people to be able to write out bad checks or even holding up a bank. The advancement in technology however, also came with some security risks as most things do, that could affect the money that people trusted with the bank and

However, at that time, they had been bailed out by the Bank of England and other London banks. From then on, however, Brings continued in traditional merchant banking, building up a reputation based on corporate finance, strong investment management, and the trading it did for one of the best clients in London, including the Royal Family. In 1984 it acquired the stockholding business of small stock broking company, Henderson Crosthwaite, with a staff of 15 based in London, Hong Kong and Tokyo. Baring Brother and Company (BB and Co) then established Baring Securities Limited (BSL), as a separately and liberally managed business within the group. BSL was very successful, enjoying the fruits of the 1980s Tokyo Stock Market boom, and specialized in Japanese equity warrants – bonds sold with warrants exercisable into shares. Growth of business in emerging markets together with expansion of securities induced Barings to consolidate BB and Co and BSL. Board of the Bank was very satisfied with the presence on the Asian market and in order to develop much faster it

BLOM bank is a leading Lebanese bank which business operations are based on universal banking model including: commercial banking, corporate banking, private banking, investment banking, asset management, retail banking, Islamic banking, and insurance products and services. Its efficient work helps it maintain in 2014 the lowest cost-to-income ratio among its competitors, which help it in raising its profit $365.37 million the highest in the Lebanese banking sector. BLOM bank in now present in 13 countries: Lebanon, Syria, Jordan, UAE, France, UK, Switzerland, Romania, Cyprus, Egypt, Qatar, Iraq, and Saudi Arabia.

In 1984, BB&Co acquired the entity that became known as Barings Securities Ltd. (BSL) from Henderson Crotiwaite, which operated as a broker-dealer through subsidiaries in the Pacific, Latin America, New York, and London. BSL conducted stock brokerage activities out of London and was incorporated in the Cayman Islands. BSL had several overseas operating subsidiaries, including two in Singapore: Barings Securities (Singapore) Pte Ltd. (BSS), which principally engaged in securities trading, and Barings Futures (Singapore) Pte Ltd. (BFS), which BSL formed to allow Barings to trade on SIMEX. Barings Securities (Japan) Ltd. (BSJ) was the BSL subsidiary that conducted Barings'

Private banks, regardless of where they operate all over the world, also facing similar demands arise from the

It is for this reason why those who oppose offshore banking wish to regulate its use.

BCS exam is the highest examination system for recruitment of officers for different cadres of Bangladesh Government Services which includes administration to education. The elaboration of BCS is Bangladesh Civil Service. It originated from the Central Superior Services of Pakistan. Since independence it has been known by Act as Bangladesh Civil Service. The Bangladesh Public Service Commission (BPSC) is the main policy setting and recruitment body of BCS. The Bangladesh Public Service Commission (BPSC) is a quasi judicial body established in 1972 under the Constitution of the People 's Republic of Bangladesh. It works under the provisions of the Article 137 - 141 of the Constitution of Bangladesh and certain other rules and regulations made by the government from time to time. It works to help the Govt. to establish an appropriate civil service for the 21st century through selection of capable & efficient officials for the Republic who would be endowed with high level of integrity and dynamism.

finally after long walk of struggle Bangladesh became one of the pioneear sate who started the islamic banking in the country and the Islami Bank Bangladesh Limited (IBBL) was started its journey in March 1983 with 19 Bangladeshi citizens, 4 national institutions and 11 conventional banks, some financial institutions and more importantly the government UAE, Europe organizations Including IDB and two renowned traits of the KSA give a hands to transform the dream into reality of us. afterward, another 3 Islamic Banks were installed in Bangladesh. In the country several Islamic banks have been working for about one and half decade flanking through the conventional banks. nine completely