An Introduction to the Private Sector Banking Industry in Bangladesh
A Bank is a financial institution whose task is to channelize funds from surplus unit to deficit unit in the form of loans and advances to generate sufficient spread for its sustainable existence
Banks and financial institutions play an important role in financial intermediation and thereby contribute to the overall growth in the economy. At present the financial system in Bangladesh consists of the central bank, commercial bank and other non-bank financial institutions. Commercial banks can be divided into following groups.
- Nationalized Banks
- Specialized Banks
- Private Commercial Banks
- Traditional Private Commercial Bank
- Islami Private Commercial Bank.
- Foreign Banks