The course “Laws and Practice of General Banking” is an integral part of the JAIBB Examination. It is the most crucial subject because it contains the Laws related to banking and financial activities. It also includes the day-to-day activities and customer services of a bank’s branch. That is why this course is crucial.
Md Monirul Islam
Key Points of Bank Company (Amendment) Act, 2023 (a) The tenure of a director is increased to 12 years from 9 years. (b) The number of board members from a family is reduced to 3 from 4. (c) The banks…
Md Monirul Islam
Procedure for Disposal of Unclaimed Deposits All unclaimed deposits & valuable articles for 10 (ten) years must be sent to Bangladesh Bank. If there is no transaction for the last 10 years or there is no trace of the customer…
Md Monirul Islam
Restrictions as per the Bank Company Act 1991 and BRPD Circular No: 03/2025 (a) A bank cannot grant more than 10% of its tier-1 capital to the directors or related parties. If the credit limit crosses 10%, then prior approval…
Md Monirul Islam
The Bank Company Act, 1991, imposed some restrictions on the credit limit. While granting loans and advances, schedule bank should keep these limitations in consideration. Have a look at the limits mentioned below: (a) A bank can’t grant more than…
Md Monirul Islam
Impressed Stamp Versus Embossed Stamp Impressed Stamps are those that are impressed by the collector or an appropriate authority. Impressed stamps are used in banks mainly on Charge documents, Letter of Lien, Letter of Hypothecation, Letter of Pledge, Letter of…
Md Monirul Islam
The Banking Companies Act, 1991, specified the situations in which the office of a director falls vacant. A director will lose his position if: Fails to Repay Loan or Interest: If the director of a banking company fails to repay…