- Bangladesh
Bank : Pursuant to 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 December 1971.
- Banks
: After the independence, banking industry in Bangladesh started its
journey with 6 Nationalized commercialized banks, 2 State owned
Specialized banks and 3 Foreign Banks. In the 1980s banking industry
achieved significant expansion with the entrance of private banks.
Now, banks in Bangladesh are primarily of two types:
ScheduledBanks: The banks which get license to operate under Bank Company Act,1991 (Amended in 2003) are termed as Scheduled Banks. Non-ScheduledBanks: The banks which are established for special and definiteobjective and operate under the acts that are enacted for meeting upthose objectives, are termed as Non-Scheduled Banks. These bankscannot perform all functions of scheduled banks.