Financial Institutions Division, Bangladesh

What Financial Institutions Division, Bangladesh does

The Financial Institutions Division (আর্থিক প্রতিষ্ঠান বিভাগ) is a division of the Ministry of Finance, Government of the People's Republic of Bangladesh, headquartered at the Bangladesh Secretariat in Dhaka. It functions as the apex regulatory and supervisory body for Bangladesh's formal financial sector, exercising statutory authority over state-owned commercial banks (Sonali, Janata, Agrani, Rupali, Basic Bank), specialized banks (Bangladesh Krishi Bank, Rajshahi Krishi Unnayan Bank, Karmasangsthan Bank, Ansar VDP Unnayan Bank, Probashi Kallyan Bank), the central bank (Bangladesh Bank), the insurance sector (Insurance Development and Regulatory Authority, Jibon Bima Corporation, General Insurance Corporation, Bangladesh Insurance Academy), the capital market (Bangladesh Securities and Exchange Commission, Bangladesh Institute of Capital Market, Investment Corporation of Bangladesh), and microfinance (Microcredit Regulatory Authority, Grameen Bank, Palli Karma Sahayak Foundation, Social Development Foundation). The division also oversees joint investment vehicles (Saudi-Bangladesh and UAE-Bangladesh Investment Companies), housing finance, security printing, municipal development funds, and the Bangladesh NGO Foundation.

The division does not operate a commercial business model. It has no revenue model, no pricing structure, and no paying customer base; it is funded through the state budget and discharges a sovereign regulatory mandate. Its digital footprint consists of an official government website (fid.gov.bd), a Citizen E-Services Portal for public-facing financial institution matters, and internal administrative systems (Online Requisition, Leave Management, Meeting Management, Staff Management, and E-Filing systems). The division's primary outputs are policy formulation, supervisory governance of state-owned financial institution boards, drafting of financial sector legislation (e.g., Counterfeit Currency Prevention Act 2026, Distressed Asset Management Act 2026, Money Laundering Prevention Amendment Ordinance 2025), and coordination of donor-funded development projects with multilateral institutions including the World Bank, Asian Development Bank, and IMF. Current leadership comprises Minister of Finance Amir Khosru Mahmud Chowdhury (assumed office 17 February 2026) and Secretary Nazma Mobarek (assumed office 31 October 2024).

Name

Financial Institutions Division, Bangladesh

Legal name

Financial Institutions Division (আর্থিক প্রতিষ্ঠান বিভাগ), Ministry of Finance, Government of the People's Republic of Bangladesh

Website

https://fid.gov.bd

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

The Financial Institutions Division is a government division under Bangladesh's Ministry of Finance that regulates and supervises the country's formal financial sector, including state-owned banks, insurance corporations, the central bank, securities regulators, and microfinance authorities.

Ownership category

akta.pro rank

Product category

Financial Sector Regulation

NAICS

Monetary Authorities-Central Bank (521), Commercial Banking (522110)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), State Commercial Banks (6022)

akta.pro primary industry

Financial Services Regulators (Banking, Securities, Insurance) (BPAIAOAK)

akta.pro secondary industries

Government Accounting & Financial Reporting (BPAIAEAD), Public Sector Retail Banks (State-Owned Commercial Banks) (FSABAKAL), National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC)

Keywords

• Financial sector regulation
• Banking supervision
• Insurance regulation
• Microfinance oversight
• Capital market governance

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D

Marketing channels1 record

Core offering

The Financial Institutions Division is a government regulatory body under the Ministry of Finance of Bangladesh that oversees and supervises the country's financial sector, including state-owned commercial banks, specialized banks, insurance corporations, microfinance institutions, securities markets, and various development foundations. It formulates policy for financial institutions, coordinates financial sector development projects with international bodies including the World Bank, ADB, and IMF, and exercises governance over regulators such as Bangladesh Bank, the Insurance Development and Regulatory Authority, and the Bangladesh Securities and Exchange Commission.

Product overview

Financial Institutions Division (FID) of Bangladesh operates as a regulatory government body under the Ministry of Finance, overseeing banks, insurance companies, microfinance institutions, and capital markets. The division's digital presence consists primarily of an official website portal providing public information, internal government systems for administrative operations (Online Requisition System, Leave Management System, Meeting Management System, Staff Management System), and an E-Filing system for document management. These are internal operational tools rather than commercial products or services.

Differentiator

Problem solved

Functional benefit

Products and services

• Citizen E-Services Portal Public-facing portal hosted on the official fid.gov.bd website that provides citizen electronic services related to financial institutions regulation, including service charter listings and information on regulatory functions.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core, major and minor.

• Bangladesh BankcoreStrategic or Co-development PartnerCentral bank of Bangladesh, operates under the supervisory oversight of the Financial Institutions Division as part of the governance structure.
• Insurance Development and Regulatory AuthoritycoreStrategic or Co-development PartnerRegulatory authority for insurance sector, under the jurisdiction of Financial Institutions Division.
• Bangladesh Securities and Exchange CommissioncoreStrategic or Co-development PartnerCapital market regulator under the Financial Institutions Division, overseeing securities and exchange operations.
• Microcredit Regulatory AuthoritycoreStrategic or Co-development PartnerRegulatory body for microfinance institutions under the division's jurisdiction.
• Sonali Bank PLCcoreStrategic or Co-development PartnerState-owned commercial bank under the division's governance; includes international operations (Sonali Bank UK Limited).
• Janata Bank PLCcoreStrategic or Co-development PartnerState-owned commercial bank under the division's governance structure.
• Agrani Bank PLCcoreStrategic or Co-development PartnerState-owned commercial bank under the division's governance structure.
• Rupali Bank PLCcoreStrategic or Co-development PartnerState-owned commercial bank under the division's governance structure.
• Social Development FoundationmajorStrategic or Co-development PartnerImplements World Bank-funded projects including the RELI Project for resilience, entrepreneurship and livelihood improvement.
• Palli Karma Sahayak Foundation (PKSF)majorStrategic or Co-development PartnerImplements Rural Microenterprise Transformation Project (RMTP) under the division's oversight.
• Bangladesh BankcoreStrategic or Co-development PartnerCentral bank under division supervision. Managing Director/CEO selection committee meetings held at the division.
• Neuclear Power PlantminorOthersNazma Mobarek served as board member of Neuclear Power Plant project.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• U.S. Department of the Treasury: U.S. Treasury is the federal fiscal authority overseeing financial institutions, OCC, and FSOC. Comparable in its role as the apex financial-sector policy and ownership body, though much larger in staff and scope.
• HM Treasury (UK): UK finance ministry with oversight of financial-services regulation, the Bank of England, and FSCS. Broader in scope but structurally analogous as the apex financial-sector policy authority.
• Monetary Authority of Singapore: Integrated financial regulator under Singapore's Ministry of Finance. Differentiated by integrated regulator model vs. FID's ownership/supervision hybrid, but a benchmark for supervisory effectiveness in the region.
• Bank Negara Malaysia: Malaysian central bank operating under the Ministry of Finance. Comparable role in financial-sector supervision and policy implementation, though structurally independent rather than directly supervised.

Direct peers

• Ministry of Finance, Government of Pakistan: Equivalent finance ministry in Pakistan with oversight of State Bank of Pakistan, state-owned banks, and insurance corporations. Most closely comparable mandate and governance structure within South Asia.
• Bangladesh Bank: Central bank of Bangladesh, supervised by FID per the company data. Bangladesh Bank regulates monetary policy and bank supervision, making it the most operationally adjacent entity even though FID retains ownership/governance oversight.
• Ministry of Finance, Government of India (Department of Financial Services): India's Department of Financial Services oversees public sector banks, insurance companies, and financial institutions under the Ministry of Finance. It is the most direct structural parallel to FID, with comparable mandate over state-owned banks and financial-sector policy.

Regional players

• Ministry of Finance, Government of Nepal: Nepalese finance ministry with analogous mandate over Nepal Rastra Bank and state-owned financial institutions. Direct regional peer given similar development banking and microfinance ecosystems.
• State Bank of Pakistan: Pakistan's central bank, supervised by Pakistan's Ministry of Finance. Comparable peer operating in a similar developing-market, IMF-program context with state-owned banking complexity.
• Ministry of Finance, Government of Sri Lanka: Sri Lankan finance ministry overseeing state-owned banks and CBSL. Comparable regional jurisdiction with similar mix of state-owned banking oversight and IMF program engagement.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/bfidmof
• Facebookfacebook.com/bfidmof
• LinkedInlinkedin.com/company/financial-institutions-division-bangladesh

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries34 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Financial Institutions Division, Bangladesh