IDLC makes stock investment simpler

Investment in the stock market is no longer costly, complicated and time-consuming, especially for those who do not want to take risks or have lesser understanding of the capital market.

There is now an affordable and simple way to invest, as IDLC Investments has come up with a new product for small savers.

The product, Easy Invest, offers an individual to deposit a minimum Tk 3,000 monthly and IDLC will do the share business in a structured way, which reduces the risks because of costs averaging over a long time horizon.

�This is the first of its kind in Bangladesh,� IDLC officials said, adding that it will be launched formally at a programme in Dhaka on Tuesday.

�We want that people who hardly understand the capital market will deposit their small amounts with us every month and our professional management team on behalf of the customers will manage the accounts,� said Arif Khan, managing director of IDLC Finance, the parent company of IDLC Investments.

Easy Invest is a discretionary portfolio management product that will build a portfolio over time, with small investments at regular intervals.

As a fund manager, IDLC will follow a disciplined and structured investment process, and reduce the risk of market volatility.

�Such kinds of products are very popular in India, where they term it systematic investment plan,� Khan said.

The tenures of the product are three years, five years and 10 years.

With the monthly investment plan an individual will get rebate on income tax and tax exemption on capital gain.

Easy Invest is also offering 'accidental death' and 'accidental insurance' coverage of up to Tk 1 lakh per year. An 'auto debit' instruction facility eliminates the need for physical submission of cheques or cash.

IDLC Finance has been in Bangladesh for the last 30 years, with a strong presence in the capital market for more than 17 years.

IDLC Investments, completely owned by IDLCFinance, is a premier brand for investment banking in Bangladesh. It has been offering discretionary portfolio management services to its clients for the last nine years with a strong track record.

The daily star

August 07, 2016

Sonali Bank Circular 2016

Sonali Bank Limited has been published job circular 2016 are as follows Senior Officer, Officer and Officer Cash.

Sonali Bank Limited Job Summary:

Post Sr. Officer :

 Online Apply Start: February 25, 2016 (Sr. Officer)

 Online Apply Close : March 16,  2016 (Sr. Officer)

Post Officer:

 Online Apply Start: March 03, 2016 (Officer)

Online Apply Close : March 23,  2016 (Officer)

Post Officer Cash : 

 Online Apply Start: March 10, 2016 (Officer Cash)

Online Apply Close : March 30,  2016 (Officer Cash)

Download advertisement from Below:-

Download Advertisement for the post of Officer of Sonali Bank Limited

Download Advertisement for the post of Senior Officer of Sonali Bank Limited

Download Advertisement for the post of Officer Cash of Sonali Bank Limited

Secure Your Future with a banking career in Bangladesh

Banks are institutions that take care of the money of individuals and corporate, provide loans to people for business or personal use. They also offer a wide range of services like exchange of foreign currency, Investment Banking, Mutual Funds, Insurance Business, D-mat services, Online trading of shares, providing public utility services like e-tickets, payment of bills, educative services etc. Environment in Banks One reason to be excited about banking as a career is the rapid change taking place. The jobs are becoming comfortable, as the physical environment is pleasing and computerization has taken the load off tedious jobs. As competition increases, a good banker will certainly be in great demand.

Scope of Career in Banks: 

A career in the banks has always been a sought-after one. Fascination with banking services has never been higher than at present. With the advent of private and foreign banks, the interest of youth in joining banks has only increased further. Another notable factor has also been the pay package which has fattened considerably with the coming of these banks.

Opportunities: 

As the industry is growing there is no dearth of opportunities. In nationalized banks, one can expect regular promotions while in private banks it is performance that is rewarded. As financial services get automated, the industry requires a large number of computer experts.

Career in Banking-Positions for Entry: 

Career in Banking-Positions for Entry Openings are available at various levels: from bank clerks to probationary officers (PO), IT Officers, Management trainee, Assistant Officers, etc. There is good scope for professionals with some experience like MBAs, CAs for Direct entry as Manager, Sr Manager. There is scope for Technical posts like Agriculture Officers, Industry Officers, Law Officers, and Public Relation Officer.

Qualifications for Banking Jobs in Bangladesh:

Qualifications for Banking Jobs For Probationary Officers, Management Trainee Officer Minimum Qualifications are Graduation with good marks and above. Age should be 21to 30 years entry position. Minimum two or three first class or equivalent marks or grade required for those post. Any Third division or class is not considerable in any Bank.

Features of Banking Jobs: 

The best features of the job are security, good perks and salary, besides the prospects of loans for employees. There is good scope for promotions. The good things for the job-seekers in this field are that demand for trained professionals has increased substantially. The latter is true for private banks, which offer better salaries but correspondingly less job security.

General Requirements For Bank Jobs: 

Job Requirements of Bank jobs come with responsibility, as the banker handles other people's money. The person must be service-oriented and like to look after customers. Assess your aptitude before joining a career in banking. The personality required is a mix: for marketing and meeting customers an outgoing personality is required, while for keeping accounts a diligent and persevering attitude is required.

Source of information about jobs: 

The advertisements for recruitment appear on website of respective banks, in newspapers as well as http://career-in-bangladesh.blogspot.com/ which is a dedicated website for Bank job seekers, Bankers and aspiring bankers.

Subjects for Banking Exams: 

Subjects for Banking Exams Recruitments are on the basis of a written test, including  General Math, General Awareness, Test of reasoning, Quantitative Aptitude, English language including Reading comprehension, Appropriate Meaning of word,  Sentence Completion, Identification of Errors, synonym and antonym, Analogy, Data sufficiency, sentence making, Essay writing, Fill-in the gaps etc  IT Terminology, Concepts of Marketing and/or a descriptive test.

Preparation for interview: 

After the written examination, the short-listed candidates are called for an interview. General questions are asked to check the candidate's general awareness and relevant issues related to Economy. Interview focuses on the candidates� aptitude on Decision Making, Risk Taking, Marketing, Knowledge of Computer and Aptitude for accepting Challenges. Preparation for interview

Question and Answer from Bank Job Recruitment Written Test or MCQ examination

   English Model Questions for Bank Jobs

Fill in the Blanks

1. No one can ____ that he is clever.
Answer: Deny

2. In winter people bask ____ the sun.

Answer: in

3. She is vain ____ her dress.

Answer: of

4. When a character speaks his thoughts alone it is called ��?
Answer: Soliloquy

5. The lady is not amenable____ reason.

Answer: to

6. I cannot part        my pen.

Answer: with

7. If we want concrete proof, we are looking for ��?
Answer: Clear Evidence

8. Our path is beset ____difficulties.

Answer: with

9. A tax was imposed ____cigarettes.

Answer: on

10. I told you        the book.

Answer: about

11. He was about ____die.

Answer: to

12. Tom hit ___ an excellent idea.

Answer: upon

13. I ran ____her.

Answer: to

14. The ministers arrived __________ a decision last night .
Answer: at

15. He is devoid ___ common sense.
Answer: of 

16. Bangladesh is rich ____ natural gas.

Answer: in

17. Always be prepare ____the work.

Answer: for

18. He ran fast lest he _________ miss the train.
Answer: should

19. What are you so angry ______?
Answer: for

20. To stay healthy, we must plan to have a balanced ________.
Answer : Diet

21. English grammar is not ________ to understand.
Answer: too difficult

22. He rescued the child ____ danger.

Answer: from

23. When something is out of its time it is called ���?
Answer: anachronism

24. I don�t know what she is talking _______.
Answer: about

25. we are still short ____fund.

Answer: of

26. In what way is your job _______ than mine?
Answer: better

27. In case _______ fire, leave the building.
Answer: of

28. He fantasized _________ winning the lottery.
Answer: about

29. I have no appetite ____food.

Answer: for

30. I have no objection ____the proposal.

Answer: to

Question and Answer from English Literature

• �To be or not to be� is the beginning of a famous soliloquy from � Hamlet.

• The father of English Poem � Geoffrey Chaucer

• Francis Bacon is an � Essayist

• �Renaissance� means � the revival of learning

• Elizabethan tragedy is centered on � Revenge

• Most famous satirist in English literature � Jonathan Swift

• A lexicographer is a person who writes � dictionaries

• The father of English Novel � Daniel Defoe

• The English Poet who addicted to opium � S.T. Coleridge

• The Golden Age of English Literature � the Elizabethan Age

• The author of the book �Asian Drama � is � Gunnar Myrdal

• Protagonist indicates �the leading character in a play

• A sonnet is a poem having fourteen lines

• �Blank Verse� is a kind of verse �having no rhyming end

• The real name of O�Henry � William Sydney Porter.

• �To Daffodils� is written by � Robert Herrick

• Goethe is the greatest poet of � Germany

• �Romeo and Juliet� is a tragedy

• �A Passage to India� is written by � E.M Forster

• William Blake was both -a poet and painter

• The full name of the tragedy �Dr.Faustus� � The Tragic History of Doctor Faustus

********************************

Grammatical Section Fill in the gaps:

• Man has no escape from death.
• A drowning man catches at a straw.
• Alcohol is injurious to health.
• I cannot part with the man.
• The girl looks after her grandmother.
• She  was sliding into depression.
• A style of reporting must confirm to the prevailing practice.
• He is not ashamed of his mistake.
• He died from over eating.
• I count on your help.
• People usually differ in their opinions.
• Ali is the stronger of the two brothers.
• We shall return before the sun sets.
• When water freezes it turns into ice.
• Do not interfere with nature.

*****************************

Question and Answer from   Science and Technology

• Full form of �CNG� is � Compressed Natural Gas

• A bit is binary representation and can take either of the two values � 0 or 1

• Chemical name of Alum used for purifying water is � Aluminum Sulphate

• Steam Engine was invented by � James Watt

• Electricity consumption or use is measured in � KWH ( Kilo Watt per hour)

• The remotest planet in the solar system � Neptune

• The natural temperature of human body in Celsius scale is -36.9 degree Celsius

• We receive Vitamin D from � Sunshine

• The most distinctive difference between a LAN and a WAN is � Distance covered

• Earthquakes are recorded � Seismograph

• The longest day is in the month of � June

• �IRATOM� is a � One kind of highbred rice

• In nature the hardest material -diamond

• �Red Planet� is called � the Mars

• A device that reads text and images directly into computer is called � Scanner

• WWW stands for � World Wide Web

• The apparatus to measure purity of milk is � Lactometer

• MS Excel is a � Spreadsheet Software

• �My Document�  by default located at � C Drive

• Father of the personal computer/ computing � Dr. Henry  Edward

*********************************

Question and Answer from International Affairs

• Name of the European common currency � Euro

• OIC is established in � 1969

• The first postage stamp in the world � Penny Black

• Pearl Harbor, where the American Pacific Fleet was stationed, was attacked by Japanese in � 1941

• The second largest Muslim Country in the world  is � Pakistan

• The most importer country in the world � the USA

• The name of the organization working worldwide  against corruption � Transparency International

• The world�s largest nuclear power station � Kashiwazaki Kariwa(Japan)

• SAARC Agriculture Information Centre (SAIC) is situated in � Dhaka

• Largest city of India � Mumbai

• Reuters is a � News Agency

• The largest tea exporter country  in the world � Sri Lanka

• The Headquarters of Islamic Development Bank (IDB) � Jeddah

• Number of Permanent members of UN Security Council is � 5

• Previous name of Japan � Nippon

• �Line of Control� -is situated between � India and Pakistan

• Elaboration of IBSA is � India, Brazil and South Africa

• Wall Street is � The Stock Exchange Market in New York.

• The name of Indonesian Currency � Rupiah

• The World Bank is an � International Financial Institution

• IDA, organization of the World Bank is known as the -�Soft Loan Window�

 

Computer Knowledge

The brain of a computer � Micro Processor

CAD stands for �Computer Aided Design

Key Board of a computer is an Input Device

Unix is an �Operating System.

A computer virus is a computer program

�ORACLE� is a �database software

RAM in computer stands for � Random Access memory

The � Add or Remove� programs utility can be found in � Control Panel

�Windows� is a computer software developed by �Microsoft Corporation�

Opera, IE (Internet Explorer),Mozilla, Google Chrome are � Internet Browsing Software

 

International Affairs

Second Largest (area) country in the world � Canada

East and West Germany were united in the year � 1990

The preferential trade arrangements among the SAARC countries are known as �SAPTA

�Port Blayer� island is in Indian Ocean

Name of the currency of Brunei � Brunei dollar

Capital of Brunei � Bandar Seri Bhagwan

�Tahrir Square � is located in � Cairo, Egypt

�Sejm� is the name of the Parliament of � Poland

Name of the father of modern democracy � John Locke

Fiscal year of USA starts in -1st October

�Knesset� is the name of the parliament of � Israel

�SABENA� is a famous airline of Belgium

Old Name of �Ethiopia� � Abyssinia

Name of the architect of Sydney Opera House � John Utzon (Denmark)

BB launches instant fund transfer system

Bangladesh Bank (BB) launched Real Time Gross Settlement (RTGS) with 55 banks today.

�Introduction of RTGS would enable instant transfer of funds between banks and institutions,� said Governor Atiur Rahman at the inauguration of the service at the BB headquarters in Dhaka.

Initially 5,000 branches of 55 banks will be able to render the service to its customers.

Rahman said the system will have a substantial impact on current operations in the banks, particularly in the area of treasury, payment division, corporate banking and cash management.

RTGS facilitates fund transfer worth Tk 1 lakh or more from one bank account to the other on real-time basis without any waiting time. In the previous system it took one day to settle the fund transfer.

BB implemented RTGS with the assistance of the Asian Development Bank.

News Source:

Daily Sun

Date: 30-Oct-2015

UCB signs deal with BB

A signing ceremony was held for Long Term Financing Facility (LTFF) under Financial Sector Support Project (FSSP) between Bangladesh Bank and United Commercial Bank Ltd (UCB) on December 01, 2015 at Jahangir Alam Conference Hall of Bangladesh Bank. Mr. Md. Ahsan Ullah, Executive Director and Project Director of FSSP, Bangladesh Bank and Mr. Mohammad Ali, Managing Director of UCB signed the agreement on behalf of the respective institutions. The Honorable Governor of Bangladesh Bank Dr. Atiur Rahman graced the occasion with His presence. Among others Mr. S. K. Sur Chowdhury, DG, BB & Ms. Nazneen Sultana, DG, BB and representative of the World Bank were also present on the occasion.

News Source:

Daily Sun

Date: 2-Dce-2015

HSBC pre-tax profit up 32% at $6.1 bn, revenue down

AFP, Hong Kong : HSBC saw pre-tax profit surge 32 percent year on year in the third quarter on the back of lower fines the banking giant announced Monday, but revenue dropped in the wake of Asian market volatility. Group chief executive Stuart Gulliver said the performance was "resilient" but that revenue had been affected by stock market sell-offs in Asia, with revenue down four percent. The Asia-focused lender announced in June that it would cut its global workforce by up to 50,000 and sell off its businesses in Brazil and Turkey as it seeks to cut costs. "Our cost-reduction measures are beginning to have an impact on our cost base," Gulliver said, but added that there was "more to achieve". The bank is also looking at possibly moving its headquarters away from Britain but said there was a "considerable amount of work still to do" before a decision is made. "Whilst the target for completion of the review was initially set as by the end of 2015, this is a self-imposed deadline that can be moved should the Board require further work to be performed," the report said. Adjusted operating expenses were up two percent year on year, partly due to investment in regulatory programmers and compliance, the report said. HSBC was fined late last year by US and British regulators for attempting to rig foreign exchange markets. In February, it was forced to apologies for "unacceptable" failings at its Swiss division following allegations that the unit helped rich clients hide billions from the taxman. It has faced a storm over claims that it helped clients from around the world dodge taxes on accounts containing 180 billion euros ($204 billion) between November 2006 and March 2007, in cases that are being investigated in several countries. HSBC is also facing a French criminal probe over the affair. The rise in third-quarter pre-tax profits was partly due to lower fines and settlements, the report said. HSBCagreed in June to pay Geneva authorities 40 million Swiss francs ($40 million) to settle a money laundering investigation at its Swiss private bank.

News Source:

New Nation

Date: 3-Nov-2015