The role of National Bank Ltd in export and import in Bangladesh – NBL Dhaka
Table of Contents
- Introduction
- Meaning of bank and banker
- Industrial background and origin of banking
- Nationalized commercial banks, foreign banks, private banks and Islamic banks in Bangladesh
- Understanding the basic concepts in banking
- History of banking in Bangladesh
- The basis of international trade
- Banks involvement in import procedure
- The primary and secondary functions of banking in Bangladesh
- Understanding the concepts in import procedure in Bangladesh
- Research and interpretation of the banking functions in Bangladesh
- Growth and development of banking organization in Bangladesh
- Correspondent relationship
- Human Resource Development - HRD
- Present situation of the organization
- Conclusions
- Bibliography
SummaryA bank is an institution, which deals in money. It means that a bank receives money in the form of deposits from the public and lends money for the development of trade and commerce.
It is very difficult to define the term "Bank" or "Banker" precisely. Even the best authorities on banking have failed to provide a satisfactory definition of the term. This is because a modern bank performs numerous activities.
Dr. H.L. Hart defines a banker as "One who, in the ordinary course of his business, receives money which he repays by honoring the cheques of persons from whom or on whose account he receives it".
The Banking Companies Act of 1949, Section 5(b) defines banking as " accepting for the purpose of lending or investment of deposits from the public, repayable on drafts, orders or otherwise", for it includes investment of money deposited which is withdraw able by cheque, this indicates that banking is different from private money lending or indigenous banking.
Section 6 of the Banking Companies Act of 1949 specifies a good number of business functions such as discounting, buying and selling, collecting and dealing business instruments like bill of exchange, hundies, promissory notes, drafts, bills of lading, warrans, debentures, and securities etc. Banks can also undertake buying and selling of foreign exchange including notes. The banks can
Also acquire, hold, issue, underwrite shares, debentures of business companies etc. The bank is prohibited in carrying out trading activities.
Thus, a banking institution accepts deposits and creates credit with a view to lend and invest.
It is very difficult to define the term "Bank" or "Banker" precisely. Even the best authorities on banking have failed to provide a satisfactory definition of the term. This is because a modern bank performs numerous activities.
Dr. H.L. Hart defines a banker as "One who, in the ordinary course of his business, receives money which he repays by honoring the cheques of persons from whom or on whose account he receives it".
The Banking Companies Act of 1949, Section 5(b) defines banking as " accepting for the purpose of lending or investment of deposits from the public, repayable on drafts, orders or otherwise", for it includes investment of money deposited which is withdraw able by cheque, this indicates that banking is different from private money lending or indigenous banking.
Section 6 of the Banking Companies Act of 1949 specifies a good number of business functions such as discounting, buying and selling, collecting and dealing business instruments like bill of exchange, hundies, promissory notes, drafts, bills of lading, warrans, debentures, and securities etc. Banks can also undertake buying and selling of foreign exchange including notes. The banks can
Also acquire, hold, issue, underwrite shares, debentures of business companies etc. The bank is prohibited in carrying out trading activities.
Thus, a banking institution accepts deposits and creates credit with a view to lend and invest.
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