Banking Market In Bangladesh

Bangladesh is a small country. Its area is 147,000 square kilometer .At present Bangladesh has 52 banks all over the country. Considering the area it is found that banks number is comparatively very comparing with other developing country. According to banking calculation the corporate customer is not good enough. Because the industrialization is not grows rapidly. Corporate clients may calculate by hand also. Corporate clients are banking with various banks as a king. But bankers are not taking initiative to create new clients. Bankers are playing a game to take over the entire liability from other bank by increasing 30% to 50% where as the banker not justifies the asset quality of the customers. Customers getting the increasing facility to by a car to using the facility. They do not think that they should have to pay the profit or interest of the using money. They are not utilize the facility properly. After a period of time they are going to classified. At that time, some bankers gives them advise to switch to the another bank getting 10% increasing facility. Banker should have to think good for the customers. I intend to tell it is a bad practice for bankers. In this situation I intend to explain the strength of Islami banking of Bangladesh. There are seven Islami bank in Bangladesh. They consider the equity of the customers. When they intend to invest any customers then he involves their enlisted surveyor to visit the mortgage property. After that they submitted the documents to their enlisted panel lawyers. After getting the opinion they arrange a meeting of Branch management committee. If approved the proposal considering the all sits of the clients merits and demerits. The branch sends the proposal to their top level management for sanctions the limit of the clients. If the top level management gives the sanctioned letter against the proposed limit. The branch issues a sanctioned letter to the customer to follow the terms and conditions. To get the disbursement the customer provides an application for the facility to mention specifications of purchasing the merchandise. To receive the customer’s application the bank official’s calculation the unit price to take latest information of the markets. If the bank official is satisfied they disburse the amounts which are the customer claimed. Accordingly the bank officials issue a Payment Order to the supplier of the goods. After disbursement the bank officials goes to the customers business area and submit a inspection report to the branch. By this Islamic mechanisms’ to minimize the diversification of invested funds and bank risk comparatively minimize.