Swift code of Sonali Bank PLC Sonali Bank PLC has various branches, and many of the larger or specialized branches may have their own unique, 11-character SWIFT codes (e.g., BSONBDDHWEB, BSONBDDHCNT, BSONBDDHFEB). BSONBDDH (or BSONBDDHXXX) is the Head Office code and is generally the safe choice if you are unsure […]
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Features of Money Laundering Money laundering means billions of pounds and dollars a year are laundered through our financial systems. The methods used to launder money are similar whether it’s for white-collar crimes such as tax evasion, people/drug trafficking, or proceeds from fraud and internet scams. Anti Money Laundering Anti-Money […]
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Know your customer KYC Policy: 1) Customer Acceptance 2) Customer Identification 3) Monitoring of Transactions 4) Risk Management Definition of a Customer: (i) A person or entity (a) Maintaining an account with the Bank, or (b) Has a business relationship with the Bank (including borrowers/guarantors of loans, Demat account […]
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Insurance for covering risk What are the requisites of insurance for covering risk Requisites of insurance may be summarized as follows: 1) Insurance must be effected by means of a legal contract and must meet the general requirements of contract as follows: a) It must be made by parties with […]
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What is Bill of Exchange A bill of exchange is an order made by the shipper or an exporter who is called a drawer of bill to the buyer or importer who is called a drawee of the bill, asking him to make the payment of the amount specified in […]
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Holder in Due Course and Payment in Due Course Holder in Due Course : According to Section 9 “holder in due course means any person who, for consideration, became the possessor of a promissory note, bill of exchange or cheque, if payable to bearer, or the payee or endorsee there […]
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What is UCPDC 600 UCPDC 600 is the latest version of the rules that govern letters of credit transactions worldwide. UCPDC 600 is prepared by International Chamber of Commerce’s (ICC) Commission on Banking Technique and Practice. Its full name is 2007 Revision of Uniform Customs and Practice for Documentary Credits, […]
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Foreign Exchange Regulation (FER) Act, 1947 (Act No. VII of 1947) CONTENTS SECTIONS 1. Short title, extent and commencement 2. Interpretation 3. Authorised dealers in foreign exchange 4. Restrictions on dealing in foreign exchange 5. Restrictions on payment 6. Blocked accounts 7. Special accounts 8. Restrictions on import and […]
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Information-sharing meetings Information-sharing meetings differ from problem -solving How do information-sharing meetings differ from problem -solving or decision making? Ans. Meeting are called to solve problems or share information. Information-sharing meeting is a sitting of a group people for proper decision on a discussing matter/topic. Meeting can be an extremely […]
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Lodgement Of Import Documents Lodgment of Import Documents refers to the process of submitting all necessary import-related documents to the concerned authorities or banks for clearance, payment, and release of imported goods. It’s a critical step in international trade, ensuring that all legal, financial, and regulatory requirements are properly met. […]
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All Bank Branch Location of BD All BD Bank Branch Location Step: One Please click the link of the bank which branch location you want. Step-Two Go to home page of the Bank. Step-Three Find Branch location and click there. Remember this, some time branch location not found then click […]
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Shariah principles in banking Shariah: The basic principle of the Shariah which serves as guide line in this respects is that if there is more than one provider of capital to a business undertaking, profits can be distributed among them in proportions mutually agreed upon, but losses, if any have […]
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Corporate governance Corporate governance especially relevant to Islamic financial institutions Why is corporate governance especially relevant to Islamic financial institutions and what advantages does it give them? Ans.: Corporate governance especially relevant to Islamic financial institutions because it involves a set of relationships between a company’s management, its board, its […]
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All BD Banks Head Office All BD Banks Head Office Private Bank In Bangladesh AB Bank PLC Address: “The Skymark”, 18 Gulshan Avenue, Gulshan 1, Dhaka 1212, Bangladesh Phone: +88-09678555000 Fax: +880-2-58814288 Email: info@abbl.com SWIFT: ABBLBDDH 2. Agrani Bank PLC Address: 9/D Dilkusha Commercial Area, Dhaka – 1000, Bangladesh. PBX […]
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How to justify an ideal bank How to justify the efficiency of an ideal bank Successful of a bank depends on efficiency of a banker. Which bank are efficient their success are near with them. These efficiency depends on various factors of a bank. These are given below: a) Organization […]
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