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Friday, October 1, 2010

BANKING TIPS-1

Dear Ms Khalil,
I am 30, married and currently unemployed. I would like to invest some money in stocks. Is it possible to do so through banks? I have heard that some banks offer financial assistance to small time investors interested in share business. Please elaborate.
- Nowrin

Dear Nowrin,
If you are a resident Bangladeshi and if you want to invest in the share market you have to open a Beneficiary Owners (BO) account with any brokerage house. List of brokers, company profile, daily news of companies, trading update and other information of the market are available on the website of the Dhaka Stock Exchange (DSE) at www.dsebd.org and Chittagong stock Exchange (CSE) at www.csebd.com.
All other necessary information with regards to investment rules and regulations are also available at the website of Securities and Exchange Commission (SEC) at www.secbd.org.

Dear Ms Khalil,
I run a business related to the IT sector. I often need to make payments to foreign companies for software, web space and other associated matters. It is very difficult for me to arrange payments. Can I apply for a credit/debit card that will help me clear these payments secured and fast?
- Sultan Arshad

Dear Sultan,
You can make these payments through a card issued against an RFCD account. Please inquire with your banker on the formalities of opening a RFCD account. Once your banker opens the RFCD account you could avail of a credit card against the RFCD account and make international payments. However, all payments would have to be within the limits set by your Banker against the Credit Card.

Dear Ms Khalil,
I have recently completed my education in Marketing, BBA. What are my opportunities as a business student in banking? I have recently dropped several CVs in various banks but my heart is not inclined for banking. Can you help me?
- Shuborno Roy

Shuborno,
First of all, if your heart is not inclined for banking then why venture in that path? On a general note, an MBA with emphasis on Finance and Accounting, has quite good prospects in banking. With a BBA in Marketing you could look into companies having fairly large or active Marketing Departments. These would be ideally in the Manufacturing and Telecom sector.


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