Bangladesh

GSPB was incorporated in Dhaka, Bangladesh on 29th October 1995 with the Registrar of Joint Stock Companies and Firms. It started its commercial operation from 17th April 1996 under license granted by Bangladesh Bank in accordance with the Financial Institutions Act of 1993. It started with a favorable climate for financial institution, which could meet the requirements and challenges of the 21st century, by providing adequate financing and expertise to boost the industrial growth of Bangladesh. Please click the below link for RESIDENT BANGLADESHI https://docs.google.com/open?id=0BxZQqHZJdbIYYTNiODYzY2YtMzA5MS00ODIzLWI3YWEtZWI2ZTNhMTQwMjA1 Please click the below link for NON-RESIDENT BANGLADESHI   https://docs.google.com/open?id=0BxZQqHZJdbIYNzJlMGU2ZjUtMmFmOS00YzIzLWFlOGUtZTAyMjQwZGY5NjYz

The proponents of the new banks argue that the new operators will infuse more competition into the banking industry and thus bring benefits to the clients. "The (Bangladesh Bank) Board has finalized a set of guidelines including new conditions with the older regulations," said A F M Asaduzzaman, a deputy general manager in the governor's office. "The old regulations have been amended substantially. Later, a senior official who did not want to be named said the new banks would require a minimum paid-up capital of Tk 400 crore from its sponsors. "And in three years, they have to go public," said the official, who attended the Board meeting, "and raise an amount equal to the paid-up capital." The official said the new guidelines took a tough line against "loan and tax defaulters" and would not allow anyone even with a family member having such a record. Those criticizing the move say the already overcrowded market does not need new ones ...