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Banks can play a strong role to take the apparel sector into a stable position. The growth of its apparel sector is mentionable.
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These policies are implemented with the help of banking sector.īangladesh is a developing country. Government takes various monetary policies. The growth of the economy also depends on the performance of the banking sector. Banks also help to establish good faith among business persons. Banks provide services that help the business sector a lot to carry on the business. It is impossible to do foreign trade with out the help of bank. Banking sector helps to flourish the industrial sector by supplying the capital of the industries and other services like intermediaries role in case of foreign business. The most important task of bank is building of capital which is the key factor of the development of an economy. Now a day it is completely impossible to think a country without a bank, because banks play a diversified role in the development of an economy. A manufacturing or trading company will not be deemed to be a bank company even if does accept deposits from the public for financing its manufacturing and trading activities. According to section – 5 of the Bank Company Act -1991, a company transacting the business of banking is called a banking company. So we can simply say that Bank is financial organization that deals with money. Introduction: Bank is a financial institution that collects society’s surplus cash and provides a part of that as loan with a view to earning profit.