What is Scheduled Bank and the list of banks in Bangladesh

What is Scheduled Bank and the List of Banks in Bangladesh

Scheduled Bank (তফসিলি ব্যাংক ):

Secheduled Banks are those banks which are licensed under the Bank Company Act, 1991 and are controlled by the Central Bank of Bangladesh named the "Bangladesh Bank".

Central bank:

Bangladesh Bank is the central bank of Bangladesh who is the controlling and supervising authority of all banks in Bangladesh. Pursuant to Bangladesh Bank Order, 1972 the Government of Bangladesh reorganized the Dhaka Branch of the State Bank of Pakistan as the central bank of the country, and named it Bangladesh Bank with retrospective effect from 16 December 1971.

At present there are total of 58 Scheduled Banks and 4 Non-Scheduled Banks in Bangladesh.

The List of all Banks in Bangladesh are given below:

State Owned Commercial Banks

1. Agrani Bank Limited 

2. BASIC Bank Limited

3. Janata Bank Limited

4. Rupali Bank Limited

5. Sonali Bank Limited

6. Bangladesh Development Bank Limited

Specialized Banks

1. Bangladesh Krishi Bank

2. Rajshahi Krishi Unnayan Bank (RAKUB)

3. Shimanto bank

4. Palli Sanchay Bank

Private Commercial Banks

Conventional Commercial Banks

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 Limited

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

Islamic Shariah Based Commercial Banks

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

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. Hong Kong and Shanghai Banking Corporation Limited
9. Woori Bank

Non-Scheduled Banks

Non-Scheduled Banks are licensed only for specific functions and objectives, and do not offer the same range of services as scheduled banks.

1. Ansar-VDP Unnayan Bank
2. Jubilee Bank
3. Karmashangosthan Bank
4. Probashi Kollyan Bank
5. Shimanto Bank 

Written by:     Muhammad Mohiuddin (Shishir)

                                          LLB, MBA