BB function and role

Topics: Central bank, Monetary policy, Money supply Pages: 28 (8917 words) Published: March 10, 2015
I. Letter of Transmittal
October 13, 2013

Ashraf Al Mamun
Assistant Professor
Bangladesh Institute of Bank Management
Mirpur-2, Dhaka

Subject: Submission of the Report on Functions and Roles of Bangladesh Bank: An Empirical Study.

Sir,
It is our great pleasure to submit the report on “Functions and Roles of Bangladesh Bank: An Empirical Study”. In this report, we conducted a practical study on the formation and functions Bangladesh Bank, the central bank of Bangladesh as well as the roles played by it in the economy of the country. By preparing this report on Bangladesh Bank we have gathered lots of information about the organization and learned a lot. The report is the reflection of our concept and knowledge developed throughout the study. The report is prepared based on the general level of information and no much technical issues and areas are covered.

Therefore we sincerely hope that the report would be meeting your expectations and standards and you will find it worth all the labor we have put in it.

Regards,

Tahmida Zaman
171341
Md. Asaduzzaman Khan
171342
MunMun Ahmed
171343
Md Mokaddem Ahamad
171344
Md. Shaifuddin Mahamood
171345

II. Executive Summary
The report is concentrated only to the basic functions and the unique roles of Bangladesh Bank to the economy of Bangladesh. In addition to these, central banking concept is tried to be clarified as well as organizational formation of Bangladesh Bank is discussed in brief. Bangladesh Bank, being the Central Bank of Bangladesh has innumerous points to be studied and discussed. The history, practice, establishment, formation, functions, roles, responsibilities and future aspects of this organization are too vast to be brought and be covered under a single study circle. Hence, Core functions and roles of the organization are taken under consideration and these are compared with the latest relevant economic data to get a practical scenario. In order to complete the study and formulating the report, secondary data are mainly collected from different sources. The strength of the study is that the website of Bangladesh Bank is as resourceful as to get the necessary data. Limitations of the study remain in the shortage of time to complete the study. More time could have given birth more effective study report on the same topic. Some recommendations and proposals are also mentioned at the last part of the report. These recommendations are based on the data collected and information evaluated during the study and is drawn here to the intention of better functioning and role playing of Bangladesh Bank in the economy of Bangladesh.

III. Abbreviations and Acronyms
ABD
Accounts & Budgeting Department
AD
Authorized Dealer
ADB
Asian Development Bank
BACH
Bangladesh Automated Clearing House
BACPS
Bangladesh Automated Cheque Processing System
BB
Bangladesh Bank
BDT
Bangladeshi Taka
BEFTN
Bangladesh Electronic Funds Transfer Network
BFIU
Bangladesh Financial Intelligence Unit
BKB
Bangladesh Krishi Bank
BOD
Board of Directors
BRPD
Banking Regulation & Policy Department
BSPPL
Bangladesh Security Printing Press Limited
CAMELS
Capital Adequacy, Asset Quality, Management, Earnings, Liquidity, Sensitivity to Market CIB
Credit Information bureau
CIPC
Customers Interests Protection Centre
CL
Classified Loan
CRR
cash reserve ratio
CSR
Corporate Social Responsibilities
CTR
Cash Transaction Report
CY
Calendar Year
DBI
Department Of Bank Inspection
DCM
Department of Currency Management
DFEI
Department of Foreign Exchange Inspection
DFEI
Department of Foreign Exchange Inspection
DIS
Deposit Insurance Systems
DOS
Department of Offsite Supervision
EBL
Eastern Bank Limited
ECB
European Central bank
EPG
e-Payment Gateway
ERP
Enterprise Resource Planning
ETP
Effluent Treatment Plants
EWD
Enterprise Data Warehouse
FCB
Foreign Commercial bank
FEID
Foreign Exchange Investment Department...
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