Bank
Scheduled Banks
The banks which get license to operate under Bank Company Act, 1991 (Amended upto 2013) are termed as Scheduled Banks.
There are 57 scheduled banks in Bangladesh who operate under full control and supervision of Bangladesh Bank. Scheduled Banks are classified into following types:
State Owned Commercial Banks (SOCBs)
There are 6 SOCBs which are fully or majorly owned by the Government of Bangladesh.
1. Agrani Bank Limited
2. Janata Bank Limited
3. Rupali Bank Limited
4. Sonali Bank Limited
5. Bangladesh Development Bank
6. BASIC Bank Limited
Specialized Banks (SDBs)
2 specialized banks are now operating which were established for specific objectives like agricultural or industrial development. These banks are also fully or majorly owned by the Government of Bangladesh.
1. Bangladesh Krishi Bank
2. Bangladesh Development Bank Limited
Private Commercial Banks (PCBs)
There are 40 private commercial banks which are majorly owned by the private entities. PCBs can be categorized into two groups: Conventional PCBs and Islami Shariah Based PCBs.
Conventional PCBs
32 conventional PCBs are now operating in the industry. They perform the banking functions in conventional fashion i.e interest based operations.
1. AB Bank Limited
2. Bangladesh Commerce Bank Limited
3. Bank Asia Limited
4. BRAC Bank Limited
5. City Bank Limited
6. Dhaka Bank Limited
7. Dutch-Bangla Bank Limited
8. Eastern Bank Limited
9. IFIC Bank Limited
10. Jamuna Bank Limited
11. Meghna Bank Limited
12. Mercantile Bank Limited
13. Midland Bank
14. Modhumoti Bank Limited
15. Mutual Trust Bank Limited
16. National Bank Limited
17. National Credit & Commerce Bank Limited
18. NRB Bank Limited
19. NRB Commercial Bank Limited
20. NRB Global Bank Limited
21. One Bank Limited
22. Premier Bank Limited
23. Prime Bank Limited
24. Pubali Bank Limited
25. South Bangla Agriculture & Commerce Bank Limited
26. Southeast Bank Limited
27. Standard Bank Limited
28. The Farmers Bank Limited
29. Trust Bank Limited
30. United Commercial Bank Limited
31. Uttara Bank Limited
32. Shimanto Bank Ltd
Islami Shariah Based PCBs
There are 8 Islami Shariah based PCBs in Bangladesh and they execute banking activities according to Islami Shariah based principles i.e. Profit-Loss Sharing (PLS) mode.
1. Al-Arafah Islami Bank Limited
2. EXIM Bank Limited
3. First Security Islami Bank Limited
4. ICB Islamic Bank Limited
5. Islami Bank Bangladesh Limited
6. Shahjalal Islami Bank Limited
7. Social Islami Bank Limited
8. Union Bank Limited
Foreign Commercial Banks (FCBs)
There are 9 FCBs operating in Bangladesh as the branches of the banks which are incorporated in abroad.
1. Bank Al-Falah Limited
2. Citibank N.A
3. Commercial Bank of Ceylon PLC
4. Habib Bank Limited
5. National Bank of Pakistan
6. Standard Chartered Bank
7. State Bank of India
8. Woori Bank
9. HSBC Bank
Non-Scheduled Banks
The banks which are established for special and definite objective and operate under the acts that are enacted for meeting up those objectives, are termed as Non-Scheduled Banks. These banks cannot perform all functions of scheduled banks.
There are now 6 non-scheduled banks in Bangladesh which are:
1. Ansar VDP Unnayan Bank
2. Karmashangosthan Bank
3. Grameen Bank
4. Jubilee Bank
5. Probashi Kollyan Bank
6. Palli Sanchay Bank
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Author: Md. Mahbub Hussain
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