Banking in Bangladesh

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Bangladesh, classified as a developing country, faces challenges in its banking sector, particularly concerning the services and customer care provided by state-owned banks.

While private banks have made efforts to adopt banking practices similar to those in more developed countries, these initiatives are often hindered by policies implemented by Bangladesh Bank, the country’s central bank. These policies, at times, are seen as politically influenced or ineffective, contributing to a banking environment where corruption, money laundering, and illegal financial activities can occur.