Influence of remittance in the economy of Bangladesh

Abstract

The objective of the study is to find out how remittance influences on our economy and how ABL contributes to it. With the advancement of the technology, the process of depositing and withdrawing money becomes easy for the people. Most of the times unprivileged people choose to leave country to earn a smart amount of money and thus they create a source of earning foreign currency. They don’t even know their contribution on our economy that they are doing by employing them in another country. Banks are playing a vital role by giving services to these families that are getting money through them. Since our technology improves a lot, it becomes easy to give service. ABL also contributes a lot and tries to improve its service better to reach the people. Moreover, it has been achieving the first position of getting highest amount of remittance earning among state-owned bank since 2012. It is trying best to keep the position by improving more.