Theory and Practice of Banking Theory and Practice of Banking-Islamic and conventional What is the banking system in Bangladesh? Now, banks in Bangladesh are primarily of two types: Scheduled Banks: The banks that remain in the list of banks maintained under the Bangladesh Bank Order, 1972. Non-Scheduled Banks: The banks which are established for special and definite objective and operate under any act but are not Scheduled Banks. What is the concept of banking? Banking is defined as the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to conduct economic activities such as making profit or simply covering operating expenses. ... Above all, central banks are responsible for currency stability. What is the role of banks in the financial system? Banks perform various roles in the economy. First, they ameliorate the information problems between investors and borrowers by monitoring th...
