A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords.
Bengal Commercial bank ltd
Bangladesh Bank on February 23, 2020, has given a banking license to Bengal Commercial Bank Limited as the Fifth (5th) Generation Scheduled Commercial Bank in Bangladesh. The main goal of Bengal Commercial Bank Limited is to provide specialized banking services to micro and small business enterprises and entrepreneurs across the country. Moreover, the Bengal Bank aims to uphold the interest of the account holders and depositors by ensuring that the deposits are channeled into meaningful investment projects with viable returns.
Bengal Commercial Bank Limited is primarily engaged in deposit and lending activities to private and corporate clients in wholesale and retail banking. Other services typically include credit cards, mobile banking, custodial service and guarantees, cash management and settlement as well as Trade Finance. Bank emphasis on the technological-based platform for different deposit and lending products.