Since when has Basic Bank started banking activities ?

1 Answer

Answer :

Basic Bank started its banking activities on 31st January, 1989 .

Related questions

Description : Which is the state owned commercial bank ?

Last Answer : BDBL is a state-owned commercial bank.

Description : Which commercial bank is providing services as development partner of the government ?

Last Answer : Sonali Bank Commercial Bank is providing services as development partner of the government.

Description : What is the short form of Bangladesh Development Bank Limited ?

Last Answer : BDBL stands for Bangladesh Development Bank Limited.

Description : What is bank overdraft ?

Last Answer : If the bank gives the owner of the current account a chance to withdraw the excess money from his deposit, he is called an overdraft. In this case the opportunity to withdraw money up to a certain limit is provided.

Description : In what year was the bill for establishment of small and cottage industries corporation introduced ?

Last Answer : The bill for establishment of small and cottage industries corporation was introduced in 1956.

Description : How many types of assistance according to nature ?

Last Answer : 3 types of assistance by nature .

Description : How many regional centers of BITAC ?

Last Answer : 4 regional centers of BITAC.

Description : How many state owned commercial banks in Bangladesh ?

Last Answer : Bangladesh State-owned Commercial Bank 4.

Description : How many founding anniversaries were celebrated in 2012 ?

Last Answer : In 2012, the 55th founding anniversary of BSIC was celebrated.

Description : What is BSIC ?

Last Answer : Bangladesh Small and Cottage Industries Corporation.

Description : What can be an inspiration for an entrepreneur ?

Last Answer : Industrial policy is an inspiration for entrepreneurs.

Description : What kind of capital resources help ?

Last Answer : Capital resources support support.

Description : What is supportive support ?

Last Answer : Resource support capital.

Description : What is involved with each investment ?

Last Answer : Opportunity costs are involved with every investment.

Description : Why Debt Reserves ?

Last Answer : Credit for all reserves except rebate of creditors and payable bills in Rewamile. That means the debit of the creditor or payable bill. Now the question is why ? Debtor or payable account or payable bill ... but if there is a possibility of income, it cannot be recorded as income.) Thank you!

Description : Which type of business organization is the largest in all countries of the world ?

Last Answer : Answer : The number of sole proprietorship organizations is highest in all countries of the world.

Description : Why is a sole proprietorship called the business world ? Explain ?

Last Answer : Answer : The sole proprietorship organization is called the patron saint of the business world. In ancient times the system of production was family oriented. The family members used to produce in ... the oldest business organization in the world, it is called the mentor of the business world.

Description : Why there is no separate entity in monopoly business ? Explain ?

Last Answer : Answer : The business which is owned by only one person and the owner is called the sole proprietorship business. A single owner can easily start such a business anywhere with little capital. No ... so great. That is why such a business is called an organization of simple and straightforward nature.

Description : What are the rules for charging interest on withdrawals ?

Last Answer : Rules for charging interest on withdrawals: 1) If withdrawals are made at the beginning of the month , the monthly withdrawal interest rate is 8.5 months. 2) If you withdraw in the middle of the month , the ... , it will be possible to determine the interest of Utol and it will be accurate

Description : What is Accounting Science ?

Last Answer : Different people have defined accounting in different ways. Simply put , accounting is a science in which an individual or organization records financial transactions that are measurable in ... process of publishing financial results by transacting , classifying , and summarizing transactions.

Description : C) Doha Bank Explanation: A Qatar-based Indian banker has been awarded for his contribution in environment friendly activities and for promoting green economy for nearly two decades. R Seetharaman, ... Visionary award at the 2016 Union of Arab Banks International Banking Summit held in Rome.

Last Answer : The Department of Posts launched a logo and tagline design contest for its soon-tobe set up India Post Payments Bank on which of the following website? A) GovPost B) IndianPost C) MyGov D) PayPost E) None of these

Description : The Aadhaar-Enabled Payment Systems(AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar ... . Cash Withdrawal C. Online Payment D. Cash Deposit E. Aadhaar to Aadhaar funds transfer

Last Answer : C. Online Payment Explanation: Services Offered by AEPS: Balance Enquiry Cash Withdrawal Cash Deposit Aadhaar to Aadhaar Fund Transfer Gateway Authentication Services

Description : Which bank has launched USSD based mobile app for basic banking needs with NPCI A) United Bank of India B) Union Bank of India C) UCO Bank D) Indian Bank E) Indian Overseas Bank

Last Answer : B) Union Bank of India Explanation: National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in the country has partnered with Union Bank of India to ... customers and can be used even without any internet connection as it does not require any data.

Last Answer : Agent Banking activities started in the country - in 2013.

Description : Now that every bank in America has electronic banking services, and you can check your balance with the click of a mouse, does anyone still actually do the whole "check reconciliation" thing?

Last Answer : answer:I have to write several checks a month to the snowplow guy, to most of my home contractors (roofers, guys who installed my new skylights, arborists), the man who mows the lawn of a pocket park ... the occasional month that I get it down to the penny, I can hear my dead father praising me.

Description : Is it true Americans do not use bank debit cards in retail and for online banking?

Last Answer : Ummm, I’m in the United States and only use a debit card. It has the Visa logo so it works anywhere that takes Visa but it pulls the money straight from my account.

Description : Banking with Bank of America?

Last Answer : Keep calling, keep bothering them. If the lady said there’s nothing she can do about it, find out who can do something about it. Show up at the branch in person and see if there’s a reasonable person around. It’s much easier dealing with people in person than over the phone.

Description : Does your bank have good (or bad) online banking?

Last Answer : Union Bank of California. They have great on-line banking. You can get statements on-line, make payments and transfers, and it’s all in an easy to access format. My account isn’t a business account, but I can’t see how that would make much of a difference.

Description : By which bank are the central banking functions in India performed? -Do You Know?

Last Answer : answer:

Description : Which is the first bank in Bangladesh to launch mobile banking service ?

Last Answer : Which is the first bank in Bangladesh to launch mobile banking service?

Description : What to do to launch internet banking service of Dutch Bangla Bank ?

Last Answer : : In order to use Dutch Bangla Bank's internet service, you need to contact the bank. They will give you a form and if you fill it, they will give you user ID and password. And internet banking of Dutch Bangla Bank is now completely free. You don't have to pay any separate charge.

Description : Which bank provides unsecured banking services ?

Last Answer : Grameen Bank provides unsecured banking services.

Description : How do i search online banking for pnc bank?

Last Answer : How do i search online banking for pnc bank

Description : Can I transfer money between different accounts with Bank of America online banking?

Last Answer : Yes, you can transfer funds between your various accounts with Bank of Americas online banking. For example, I frequently transfer money into my checking from my savings account when I know I have a large bill due.

Description : Does US Bank provide online banking services for its customers?

Last Answer : Yes, US Bank offers internet banking for its customers. It's free!

Description : wher do i go to sign in to national city bank online banking ?

Last Answer : how do i check m account onlie? Here is the site for logging into your bank account: https://signonolb.nationalcity.com/olb/olblogin.jsp

Description : When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as___________ A. Consortium B. Syndication C. Multiple Banking D. Participation

Last Answer : A. Consortium Explanation: A banking syndicate formed by multiple banks, often from different countries, for the singular purpose of financing a specific project that is too large for any individual ... in the risk and the profits. Upon completion of the project the consortium bank is disbanded.

Description : Reserve Bank of India has granted in principle approval to the common service Centres to act as which operating unit to make bill payments in rural? A) Bharat Bill Payment B) National Bill Payment C) Non Banking Financial D) Mobile Banking Payment E) None of these

Last Answer : A) Bharat Bill Payment Explanation: Reserve Bank of India has granted in-principle nod to the common service centres RBI (CSCs) as Bharat Bill Payment Operating Unit to make bill payments at centres in rural bands.

Description : In which of the following types of banking, there is a direct execution of transaction between a bank and its consumers? A. Retail Banking B. Universal Banking C. Virtual Banking D. Unit Banking E. other than those given as options

Last Answer : A. Retail Banking Explanation: Retail banking also known as Consumer Banking is the provision of services by a bank to individual consumers, rather than to companies, corporations or other ... include savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards.

Description : A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above

Last Answer : C. A loan asset on which interest and/or instalments remain unchanged. Explanation: A nonperforming asset (NPA) refers to a classification for loans on the books of financial institutions that are in ... is classified as nonperforming when loan payments have not been made for a period of 90 days.

Description : What is the purpose of KYC in banking? A. It is used for customer identification B. It is used for increasing the CRR of banks C. It is used against money laundering D. It is used by the central bank to control liquidity E. Both (A) and (C)

Last Answer : E. Both (A) and (C) Explanation: Know your customer (KYC) is the process of a business verifying the identity of its clients. Know your customer policies are becoming much more important globally to prevent identity theft, financial fraud, money laundering and terrorist financing.

Description : Kotak Mahindra Bank has enabled which of the following banks online shopping portal on its mobile banking app to provide seamless shopping experience for its customers? A) Flipkart B) Snapdeal C) Amazon India D) Ebay India E) Mytra

Last Answer : A) Flipkart Explanation: Private sector lender Kotak Mahindra Bank has enabled online shopping portal Flipkart in its mobile banking application in order to ensure a seamless shopping experience for its ... mode. Through this integration the bank will try to solve that problem for our customers.

Description : The Overseas Principal should obtain necessary authorisation from the Reserve Bank of India under the provisions of which Act to commence/ operate a payment system? A. Reserve Bank of India Act-1934 B. Banking ... , 1949 D. Payment and Settlement Systems Act (PSS Act), 2007 E. None of the Above

Last Answer : D. Payment and Settlement Systems Act (PSS Act), 2007 Explanation: The Overseas Principal should obtain necessary authorisation from the Department of Payment and Settlement Systems, Reserve Bank of India ... Payment and Settlement Systems Act (PSS Act), 2007 to commence/ operate a payment system.

Description : A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as _________ A. Off-shore Banking B. Investment Banking System C. Shadow Banking System D. Conventional Banking E. Merchant Banking System

Last Answer : C. Shadow Banking System Explanation: A shadow banking system refers to the financial intermediaries involved in facilitating the creation of credit across the global financial system but ... oversight. The shadow banking system also refers to unregulated activities by regulated institutions.

Description : Co-operative banks are regulated by the Reserve Bank of India under _________ A. Banking Regulation Act, 1949 B. Banking Laws (Application to Co-operative Societies) Act, 1965 C. Both (A) and (B) D. Negotiable Instrument Act–1881 E. None of the Above

Last Answer : C. Both (A) and (B) Explanation: Co-operative banks are regulated by the Reserve Bank of India under the Banking Regulation Act, 1949 and Banking Laws (Application to Co-operative Societies) Act, 1965

Description : A Shareholder has been defined by ________ A. Banking Regulation Act, 1949 B. Reserve Bank of India Act, 1934 C. Negotiable Instruments Act, 1881 D. Indian Contract Act, 1872 E. The companies act, 1956

Last Answer : E. The companies act, 1956 Explanation: The Companies Act, 1956 ―Small Shareholder‖ means a shareholder holding shares of nominal value of twenty thousand rupees or less in a public company to which section 252 of the Act applies.

Description : The rules framed in the Clayton‟s case have been incorporated in _________ A. Banking Regulation Act, 1949 B. Reserve Bank of India Act, 1934 C. Negotiable Instruments Act, 1881 D. Indian Contract Act, 1872 E. None of the Above

Last Answer : D. Indian Contract Act, 1872 Explanation: The rules framed in the Clayton‘s case was incorporated in Section 59 of the Indian Contract Act, 1872.

Description : SMERA has been registered under _______ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 E. None of these

Last Answer : D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 Explanation: SMERA has been registered under Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.

Description : A Credit Bureau is governed by _________ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange ... of India (Credit Rating Agencies) Regulations, 1999 E. Credit Information Companies (Regulation) Act of 2005

Last Answer : E. Credit Information Companies (Regulation) Act of 2005 Explanation: A Credit Bureau is governed by the Credit Information Companies (Regulation) Act of 2005.

Description : Which of the following is/are non-banking subsidiary of the State Bank of India? A. SBI Capital Markets Ltd. B. SBI General Insurance Company Limited. C. SBI Funds Management Pvt Ltd. D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: SBI has the following Non-Banking Subsidiaries in India: SBI Capital Markets Ltd. SBI Funds Management Pvt Ltd. SBI Global Factors Ltd. SBI Cards & Payments ... (SBICPSL) SBI DFHI Ltd. SBI General Insurance Company Limited. SBI Pension Funds Pvt Ltd (SBIPFPL)