BANKING AFFAIRS

Detailed explanation-1: -Sonali Bank Limited (Bengali: ) is the principal state-owned leading public commercial bank in Bangladesh. It is the largest bank in the country. Ziaul Hasan Siddiqui is the chairman of the Bank. Niranjan Chandra Debnath and Sanchia Binte Ali are the deputy managing directors of the bank.

Detailed explanation-2: -Bangladesh Development Bank Limited: Bangladesh development bank is a state-owned commercial bank in BD. By merging two banks, Bangladesh Shilpa Bank and Shilpa Rin Sangstha; the government made this bank on 16th November 2009. At present, They have 46 branches across the country.

Detailed explanation-3: -State Owned Commercial Banks (SOCBs): There are 6 SOCBs which are fully or majorly owned by the Government of Bangladesh. Specialized Banks (SDBs): 3 specialized banks are now operating which were established for specific objectives like agricultural or industrial development.

Detailed explanation-4: -The bank has been converted to a Public Limited Company with 100% ownership of the government and started functioning as Sonali Bank Limited from November 15, 2007 taking over all assets, liabilities and business of Sonali Bank.