Foreign Exchange Operation of Private Commercial Banks in Bangladesh: A Case Study on AB Bank Limited
Author(s): K. M. Anwarul Islam, Ibrar Alam , Dewan Md. Al-Amin
Publication #: IJIRCT1201061
Date of Publication: 16.10.2015
Country: Bangladesh
Pages: 296-304
Published In: Volume 1 Issue 3 October-2015
Abstract
Abstract— Bank is an economic institution whose main aim is to earn profit through exchange of money & credit instruments. It is a service oriented as well as profit oriented organization. The banking sector of Bangladesh is passing through a tremendous reform under the economic deregulation and opening up the economy. Currently this sector is becoming extremely competitive with the arrival of multinational banks as well as emerging and technological infrastructure, effective credit management, higher performance level and utmost customer satisfaction. Foreign Exchange the topmost section for international trade-moves the wheel of economy moving. This research paper shows that AB Bank Limited is providing different sorts L/C services like L/C opening, lodgment, BLC and facilitating Import in the country. However this some timely initiative will ensure better, smarter and faster banking boom for the AB Bank Ltd. The way AB Bank is moving up to also mind blowing and auspicious. Now it’s time to take off to unlimited prospect.
Keywords: Foreign Exchange, Private Commercial Bank, L/C.
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