National Bank Essay

The Financial Sector: The formal budgetary division comprises of six saves money with temporary licenses, and nine authorized cash exchange firms. The division is little and promising while there is allegedly expansive casual part. The national bank of Somalia (CBS) confronts challenges in building monetary division supervision because of specialized and human asset imperatives. The economy has restricted money, especially in lower groups. Somali banknotes are not promptly accessible, making issues for the poorest nationals.

For any person who first moved to Australia, for education, business or any other purposes, one of their first concerns is always which bank/s are the most trust-worthy. For those who know the answer to this question, a typical response would be, “any of the big four”, which includes the ANZ Bank, Commonwealth Bank of Australia, Westpac Bank, and the National Australia Bank.

“National bank means a national banking association or a Federal branch or agency of a foreign bank.” 12

National Australia Bank Group (NAB) is one of the four top banks in Australia. This bank has about 40,000 members and 1,700 branches globally. The income statement below shows the amounts in US Australian dollars from last year (2014). For further information about their balance sheet see appendix figure 1.

B. Financial Comparison of the NCB, PCB, FCB & SDB Banks in Bangladesh---C. Financial Comparison of Private and Foreign banks through ranking----------

In Bangladesh there are 30 private commercial banks and 10 number foreign commercial banks operating their business. I took 21 commercial banks as sample for my study. Because these 21 banks are

1. Conclusions : Mercantile Bank Limited is one of the pioneer banks of Bangladesh banks in respect of customer service, profitability and strength among the private commercial banks;. According to my research and study on the bank I think the bank has achieved a good level of success by having 93 branches around the whole Bangladesh. Mercantile Bank Limited has also set up a new standard in financing in the industrial, trade and foreign Exchange Business. Different retail banking products of Mercantile Bank Limited also gets the attention of the customers.

Deposit Money: They collect deposit from public who want to deposit a lump sum of money for a fixed time period; say for a minimum period of 1,3,6,12 or 24 months period, thereby earning a higher rate of interest in return.Three 's also eligibility for depositors for example minimum has to be 18 and he/she has to be a citizen of Bangladesh. Other key features are customer will get 80% loan facility on deposited amount and it can be opened for 3 months,6 months,12 months or 24 months,

The primary objective of the Monetary Policy of Bangladesh is to outline the formulation and implementation of monetary policy of the Bangladesh Bank (BB), and to convey its assessment of the recent and the expected monetary and inflation developments to the stakeholders and the public at large.

According to the survey’s results, a large proportion of transactions in FX market were related to interbank business. Besides, trades were facilitated via both traditional channel – phone and the recent increasing of electronic channel in the past 2 decades.

Banks in Bangladesh are primarily divided into two categories under the supervision of central bank called BANGLASH BANK. The first category is the schedule banks that are created under the Bank Company act, 1991 for general banking purpose. The other sort is non-schedule banks which are created for special or specific purpose. As of this year there are 60 banks in Bangladesh. State controls 4 of them and 9 of them are controlled by foreign investors. There are also 9 Islamic Sharia based banks that are governed by Islamic financial regulation system. Now a day it has become the dominant financial market in the country because of the lack of development in the primary and secondary capital market. But the key problems lies the out-dated banking procedure and lack of coordination between different authorities (Ali, 2005).Bangladesh Banks hopes that the newly opened banks will help spreading and improving the banking service

National Australia Bank is considered to be among four largest banks of Australia as categorized by number of customers and market

As an indispensable part of BBA program, I, Khondaker Shihab, was placed in Bangladesh Development Bank Limited, BDBL Bhaban, 8, Rajuk Avenue, Dhaka-1000 under the direct supervision of Sajal Kumar Dey, Assistant Lecturer, Department of Accounting and Information System, Jagannath University. After joining there I was placed in several departments for practical knowledge. After having three month experience I prepare my report on ‘Rehabilitation process of Bangladesh Development Bank Limited(BDBL)’ I have tried to cover relevant and important information that I have observed especially from the Loan Operation Department and Loan Recovery Department.

The bank extends its loan facility to create employment and achieve economic growth in rural Bangladesh. It provides loan to farmers, fish and shrimp cultivators, and micro entrepreneurs. They may have loan for agro equipment and other expenditure related to production. All the efforts are targeted to employment generation and self employment. Well, all these loans are at easy terms.

Commercial banks, non-bank financial institution, insurance companies etc. are the main elements to build the financial sector of Bangladesh. The main role is played by banks in the financial sector of Bangladesh. Bank is the financial institution that deals with money through depositing money and then channels those funds into loaning activities. A bank is an institution that deposited money which is given by customer for investment and repay it when the customer claim it, and also makes loans at interest.