NFC Deposit Account NFC Deposit account means Non-Resident Foreign Currency Deposit A/C NFC Deposit A/C A/C At a glance Authorized dealers may open F.C A/C in the name of the followings persons without prior approval from Bangladesh Bank. All Bangladeshi Nationals/persons, including those having dual nationals / ordinarily residing abroad […]
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International Chamber of Commerce (ICC) Established: In 1919 International Chamber of Commerce (ICC) Outline: Introduction to the International Chamber of Commerce (ICC) History and background of the ICC Structure and organization of the ICC Objectives and goals of the ICC Services and activities provided by the ICC Arbitration and […]
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International Monetary Fund (IMF) The (IMF) International Monetary Fund was originally created as part of the Bretton Woods system exchange agreement in 1944. The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary co-operation, secure financial stability, facilitate international trade, promote high employment and […]
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What are the objectives of the Bank? Objectives of a Bank Accepting DepositsThe primary objective of a bank is to accept deposits from the public safely. These deposits can be in the form of savings, current accounts, or fixed deposits. Providing Loans and AdvancesBanks aim to provide loans and advances […]
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Commercial Invoice Feature of Commercial Invoice : In international trade, a commercial invoice is an essential document that facilitates the smooth flow of goods and ensures compliance with customs regulations. A commercial invoice serves as a record of the transaction between the buyer and the seller, providing important details about […]
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What is IRC and ERC? IRC and ERC: Required papers / documents to obtain Import Registration Certificate (IRC) Import Registration Certificate (IRC) and Export Registration Certificate (ERC) are issued by the office of chief controller of Import and Exports (CCI & E) of the government. Intending Imports and Exporters are […]
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Social Islami Bank PLC: A Comprehensive Overview Social Islami Bank PLC (SIBL) is a prominent name in the banking industry of Bangladesh. Established with the mission to provide ethical and innovative financial solutions, SIBL has been a significant player in the financial sector. This article delves into the various aspects […]
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AB Bank PLC Overview Information of AB Bank AB Bank PLC Overview Corporate Information: Name of the Company: AB Bank Limited (ABBL) Legal Form: Public Limited Company Date of Incorporation: 31st December 1981 Commencement of Business: 27th February 1982 Registered Office: BCIC Bhaban, 30-31, Dilkusha C/A Dhaka 1000, Bangladesh Telephone: […]
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The function of the Product Development Manager The Product Development Manager: Duties and Responsibilities: 1. Develop Branch Recognition: • Develop a plan on execution for branding activities and contribute to budget development. • To develop and executed brand visibility strategies. • Launch new products and re-brand existing products to sustain […]
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Banker and Customer Relationship Banker and Customer Relationship features: Customer: In general, any individual/organization that maintains an account with the bank is treated as a customer. But in some situations, Banker extends their services to the individuals/organizations even if they are not customers as defined above. According to the duration […]
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How to use the Export Development Fund The Export Development Fund is expected to contribute to a sustained export drive and long-term development of Bangladesh Exports by assuring a continued availability of Foreign Exchange to meet the import requirements of particularly new exporters, exporters diversifying into higher value exports & […]
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Relationship Manager functions Relationship Manager functions are given below: Duties and Responsibilities: Preparing and implementing action plans and programs for mobilizing deposits, the opening of accounts, and obtaining new profitable corporate business. Consulting and advising customers on appropriate investment options. Marketing for deposits in both local and foreign currencies from […]
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What are the Retail Banker Functions? Functions of The Head of Retail Banking To grow Retail Banking business by providing effective leadership to the Business Unit’s staff and management of the department’s operations to optimize the acquisition of new customers; selling of Bank products; quality of customer management and maintenance […]
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What is SMS Banking Services? 1. What is SMS Banking? This is a service that allows customers to access their account information via mobile phones. SMS banking services are operated by using both push and pull messages. Push messages are those messages that the bank chooses to send out to […]
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Essential Qualities of a Successful Banker 1. A Banker includes a person or corporation or company acting as a Banker.” – Negotiable Instrument Act, 1881 2. Banker includes a body of persons where incorporate or not who carry on the business of Banking. – Bill of Exchange Act, 1882 3. […]
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