The banking sector in Bangladesh consists of several types of institutions. Bangladesh Bank is the central bank of Bangladesh and the chief regulatory authority in the banking sector. Central Bank Bangladesh Bank The Government of Bangladesh restructured the State Bank of Pakistan (Dhaka Branch) as the central bank of the country and named it Bangladesh Bank with demonstration effect from 16 December 1971. Scheduled Banks Scheduled banks are licensed under the Bank Company Act, 1991 (Amended up to 2013). Currently, there are 60 scheduled banks in Bangladesh. State Owned Commercial Banks (SOCBs) There are 6 state owned commercial banks (SOCBs) which are fully or majorly owned by the Government of Bangladesh. Sonali Bank Limited Janata Bank Limited Agrani Bank Limited Rupali Bank Limited BASIC Bank Limited Bangladesh Development Bank Limited Specialized Banks (SDBs) 3 specialized banks are now operating which were established for specific objectives like agricultural or ind...