Bangladesh Bank Case Study

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There are 56 licensed commercial banks, 33 Non Banking Financial Institutions in Bangladesh. Of the 56 financial institutions, 47 are locally owned and 9 are foreign owned. The credit reference bureau, Credit Reference Bureau Africa was the first of its kind to be registered in Bangladesh by the Central bank of Bangladesh aimed at enabling commercial banks to share information about borrowers to facilitate effectiveness in credit scoring. Bangladesh inherited its banking structure from the British regime and had 49 banks and other financial institutions before the Partition of India in 1947. The Dhaka Bank established in 1806 was the first commercial bank in the Bangladesh region of British India. Bengal Bank, the first British-Patronized modern bank established in India in 1784, had opened its two branches in 1873 in Sirajganj and Chittagong of Bangladesh region. Later in 1862, the Bengal Bank Purchased the Dhaka Bank and opened its first branch in Dhaka in the same year by reconstituting and merging the Dhaka Bank. Thereafter, another branch of Bengal Bank was opened in Chandpur in 1900. A number of other branches of Bengal Bank were opened in this region and some branches had been closed in Course of time. There were six other branches of Bengal Bank in operation in the territory of Bangladesh until the Partition of British-India in 1947 and these branches were at Chittagong (1906), Mymensing (1922), Rangpur (1923), Chandpur (1924), and Narayanganj (1926). Following
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