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Definition Chit Fund Company

Definition Chit Fund Company Definition Chit Fund Company: The Chit Fund Company is a financial institution engaged in the principal business of managing, conducting and supervising the chit scheme. The …

KNOW YOUR CUSTOMER (KYC)

KNOW YOUR CUSTOMER (KYC) KNOW YOUR CUSTOMER (KYC): The adoption of effective Know Your Customer (KYC) program is an essential part of financial institutions’ risk management policies. Having sufficiently verified/corrected …

The financial system of Bangladesh

The financial system of Bangladesh Financial System of Bangladesh Introduction: Financial system of Bangladesh is getting emerged with the assistance of Bangladesh Bank, powered by Bangladesh Bank Order 1972, which …

Disadvantages of Unit Banking

Disadvantages of Unit Banking The following are the disadvantages of unit banking system: 1. No. distribution of Risks: Under unit banking, the bank operation highly localized. Therefore, there is little …