Generally by the word “Bank” we can easily understand that the financial institution deals with money. But there are different types of banks such as; Central Banks, Commercial Banks, Savings Banks, Investment Banks, Industrial Banks, Co-operative Banks etc. But when we use the term “Bank” without any prefix, or qualification, it refers to the ‘Commercial banks’. Commercial banks are the primary contributors to the economy of a country. So we can say Commercial banks are a profit-making institution that holds the deposits of individuals & business in checking & savings accounts and then uses these funds to make loans. Both general public and the government are dependent on the services of banks as the financial intermediary. As, banks are profit-earning concern; they collect deposit at the lowest possible cost and provide loans and advances at higher cost. The differences between two are the profit for the bank.
Banks play an important role in the business sector and industrialization of a country. Basically bank take deposit from the customers against interest and lend it to the borrower’s interest for a certain period. Under this sphere, the bank offers different interest notes and other options to there customers to remit and deposit there money. Most of the common between the banks, only the customer service and other facilities vary.
A Significant growth in the GDP with lower inflation level was attained during the past few years despite a host of adverse external sector developments like south-east Asian crisis and recent global recession and various domestic adversities including devastating floods.
In the background of liberalization of the economic policies in Bangladesh, there are many government banks, semi government banks, private and foreign bank. Uttara Bank Ltd is one of the large and leading private commercial sector banks in Bangladesh.
1.1 Rationale of the Study:
The
Bibliography: ➢ Prospectus of Uttara Bank (June 28, 2005) ➢ Annual Report of Uttara Bank (2003) ➢ Annual Report of Uttara Bank (2004) ➢ Annual Report of Uttara Bank (2005)