Pubali Bank

	Pubali Bank Pubali Bank ( bn, পূবালী ব্যাংক) is the largest private commercial bank in Bangladesh. It has more branches than any other private bank in the country. Monzurur Rahman is the present chairman of the bank. History Pubali Bank was started in East Pakistan as Eastern Mercantile Bank Limited in the year 1959 under Bank Companies Act 1913 by Bengali businessmen. After independence of Bangladesh in 1971 this Bank was nationalized under Bangladesh Bank's (nationalisation) Ordinance and renamed as Pubali Bank. Subsequently, Pubali Bank was denationalized in the year 1983 as a private bank and renamed as Pubali Bank Limited. The Bank signed a 100 million taka loan agreement with Uttara Finance and Investments Limited in 2007. In 2009, Pubali Bank had reserves worth 88.89 billion taka. It's non-performing loans went from 18.4 per cent in 2004 to 2.96 per cent. In February 2014, Bangladesh High Court Division remove eight members of the board of directors includin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Commercial Bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	Bangladesh Bank Bangladesh Bank ( bn, বাংলাদেশ ব্যাংক) is the central bank of Bangladesh and is a member of the Asian Clearing Union. It is fully owned by the Government of Bangladesh. The bank is active in developing green banking and financial inclusion policy and is an important member of the Alliance for Financial Inclusion. Bangladesh Financial Intelligence Unit (BFIU), a department of Bangladesh Bank, has got the membership of Egmont Group of Financial Intelligence Units. Bangladesh Bank is the first central bank in the world to introduce a dedicated hotline (16236) for people to complain about any banking-related problem. Moreover, the organisation is the first central bank in the world to issue a "Green Banking Policy". To acknowledge this contribution, then-governor Dr. Atiur Rahman was given the title 'Green Governor' at the 2012 United Nations Climate Change Conference, held at the Qatar National Convention Centre in Doha. History On 7 April 1972, af ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	Banks Of Bangladesh A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Shahdeen Malik Shahdeen Malik is a Bangladeshi lawyer, eminent jurist, a constitutional expert, and legal activist. Early life Malik's father, Abdul Malik Chowdhury, was the chief conservatory officer of the Forest Department. He did his masters in law at the Patrice Lumumba University in Russia in 1979. He did another masters in law at the University of Pennsylvania Law School in 1984. He did his PhD at the School of Oriental and African Studies in 1994. Career Malik joined the University of Dhaka in 1980 as a lecturer. Malik joined Bangladesh Legal Aid and Services Trust in 1990. He wrote Public Interest Litigation in South Asia - Rights in Search of Remedies in 1997. Malik started his practice at the Bangladesh Supreme Court in 2003. Malik was a founder director and faculty at the law school of BRAC University. In 2008, Malik was the lawyer for the University of Dhaka. From 2010 to 2019, Malik served at the Bangladesh Institute of Law and International Affairs as an honorary director ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	British International Investment British International Investment, (formerly CDC Group plc, Commonwealth Development Corporation, and Colonial Development Corporation) is the development finance institution of the UK government. The Foreign, Commonwealth and Development Office is responsible for the organisation, and is the sole shareholder. It has an investment portfolio valued around US$7.1 billion (year-end 2020) and since 2011 is focused on the emerging markets of South Asia and Africa. History Formation The original Colonial Development Corporation was established as a statutory corporation in 1948 by Clement Attlee's post-war Labour government, to assist British colonies in the development of agriculture. Following the independence of many colonies, it was renamed the Commonwealth Development Corporation in 1963 and was permitted to invest outside the Commonwealth in 1969. As part of the Commonwealth Development Corporation Act 1999, CDC was converted from a statutory corporation to a public limit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	Bishwo Shahitto Kendro Bishwo Shahitto Kendro (BSK) ( bn, বিশ্ব সাহিত্য কেন্দ্র, meaning 'World-Literature Centre'), is a non-profit institution in Bangladesh to promote reading habits, enlightenment and progressive ideas among students and general public. Popularly known as just Bhrammaman Library (mobile library), this institution was established by famous writer, television presenter, organiser, and activist Abdullah Abu Sayeed. Sayeed was given the 97th Ramon Magsaysay Award in Journalism, Literature, and Creative Communication Arts for "... cultivating in the youth of Bangladesh a love for literature and its humanizing values through exposure to the great books of Bengal and the world" – which was a recognition of the contribution of the library. Activity Bishwo Shahitto Kendro offers classes on world literature for Higher Secondary students, and also provides every book for those classes. For Secondary and Junior school level it operates a nationwide rea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Bank Muscat Bank Muscat is a financial services provider in the Sultanate of Oman providing corporate banking, retail banking, investment banking, treasury, private banking and asset management. The bank, with assets worth US$ 31.9 billion in 2018, has the largest network in Oman exceeding 150 branches. Operations The international operations consist of a branch each in Riyadh, Saudi Arabia and Kuwait and representative offices in Dubai, UAE and Singapore. The Bank has whole ownership of Muscat Capital, a brokerage and investment banking entity in Saudi Arabia, and a 11.8% a stake in Silkbank in Pakistan. Recognition Bank Muscat was voted the ‘Best Bank in Oman’ for seven years by The Banker, FT London; nine years in a row by Global Finance and Euromoney. Bank Muscat is the recipient of the Hewitt recognition as the Middle East’s Best Employer 2009. The Bank was declared an Investor in People (IiP) organisation in January 2007, becoming the first banking organisation in the MEN ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Perpetual Bond A perpetual bond, also known colloquially as a perpetual or perp, is a bond with no maturity date, therefore allowing it to be treated as equity, not as debt. Issuers pay coupons on perpetual bonds forever, and they do not have to redeem the principal. Perpetual bond cash flows are, therefore, those of a perpetuity. Perpetual bonds vs. equity * Although similar to equity, perpetual bonds do not have attached votes and, therefore, provide no means of control over the issuer. * Perpetual bonds are still fixed-income securities; therefore, paying coupons is mandatory whereas paying dividends on equity is discretionary. Examples * Consols that were issued by the United States and the UK governments. * The oldest examples of a perpetual bond was issued on 15 May 1624 by the Dutch water board of Lekdijk Bovendams. It is currently in the possession of Yale University and interest was most recently paid by the eventual successor of Lekdijk Bovendams ( Hoogheemraadschap De Stichtse R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Bangladesh Securities And Exchange Commission The Bangladesh Securities and Exchange Commission (BSEC) is the regulator of the capital market of Bangladesh, comprising Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The commission is a statutory body and attached to the Ministry of Finance. The current chairman of the commission is Shibli Rubayat Ul Islam. History BSEC was established on 8 June 1993 under the Securities and Exchange Commission Act, 1993. Before the commission, the market were regulated under the Capital Issues Act 1947. The chairman and members of the commission are appointed by the government and have overall responsibility to administer securities legislation. The commission, at present, has four full-time members, excluding the chairman. The commission is a statutory body and attached to the Ministry of Finance. It works closely with Central Depository Bangladesh Limited. Initially named simply as the ''Securities and Exchange Commission'', on 10 December 2012, its name was officially ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]