|
|
Rupali Bank Ltd. was
constituted with the merger of 3 erstwhile commercial banks i.e. Muslim
Commercial Bank Ltd., Australasia Bank Ltd. and Standard Bank Ltd. operated
in the then Pakistan on March 26, 1972 under the Bangladesh Banks
(Nationalization) Order 1972 (P.O. No. 26 of 1972), with all their assets,
benefits, rights, powers, authorities, privileges, liabilities, borrowings
and obligations.
Rupali Bank worked as a
nationalized commercial bank till December13, 1986. Rupali Bank Ltd. emerged
as the largest Public Limited Banking Company of the country on December 14,
1986. Rupali Bank operates through 492 branches with the work force of more
than 4000. It is linked to its foreign correspondents all over the world.
The Corporate Head Office of
the Bank is located at Dhaka with one local office (Main Branch), four
corporate branches at Dhaka, one in Chittagong and twenty-five zonal offices
all over the country.
|
|
|
|
As one of states owned commercial bank in
Bangladesh, Rupali Bank are dedicated to extend a whole range of quality
products that support divergent needs of people aiming at enriching their
lives, creating value for the stakeholders and contributing towards
socio-economic development of the country.
Bangladesh
Bank, as the central bank, has legal authority to supervise and regulate
all banks and non-bank financial institutions. Bank Company Act, 1991,
empowers
Bangladesh Bank to issue licenses to carry out banking business in
Bangladesh. Given some broad policy goals and objectives, it formulates and
implements monetary policy, manages foreign exchange reserves and lays down
prudential regulations and conduct monitoring thereof as they apply to the
entire banking system. The
Bangladesh
Bank has the power to impose penalties for non-compliance and also to
intervene in the management of a bank if serious problem arise. It also has
the delegated authority of issuing policy directives regarding the foreign
exchange regime.
|
