Question: What is CAMELS ratings?
Answer:
The CAMELS ratings is a supervisory rating of the bank's overall
condition used to classify the nation’s banks. This rating is based on
financial statements of the bank and on-site examination by regulators. The
scale is from 1 to 5 with 1 being strongest and 5 being weakest.
The components
of a bank's condition that are assessed- (C) Capital adequacy,
- (A) Asset quality,
- (M) Management,
- (E) Earnings,
- (L) Liquidity and
- (S) Sensitivity to market risk
Question: What is Clearing House?
Answer:
A place provides an arrangement by which various
representatives of each clearing Bank assemble there each business day to
exchange local cheques, drafts, Bill of exchange which are received by them for
collection from their customers.
Question.
What is SWIFT?
Answer:
Ø
The Society for Worldwide Interbank Financial Telecommunication
("SWIFT") operates a worldwide financial messaging network which
exchanges messages between banks and other financial institutions.
Ø
The majority of international Interbank messages use the SWIFT network.
Ø
SWIFT transports financial messages in a highly secure way, but does
not hold accounts for its members and does not perform any form of clearing or
settlement.
Question:
What is Central Bank ?
Answer:
A central Bank being generally recognized as the
bank which constitutes the apex of the monetary and banking structure of its
country and which performs as best it can in the national economic interest.
Bangladesh
Bank
Ø
Bangladesh Bank, the central bank as well as chief authority to
regulate country’s monetary and financial system,
Ø
Established vide the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972)
with effect from 16th December, 1971.
Ø
At present it has got 9 branches and those are located at Motijheel, Khulna, Sadarghat, Bogra, Chittagong,
Sylhet, Barisal, Rangpur and Rajshahi in Bangladesh.
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