RACE drags regulator into court battle over fund liquidation, conversion

RACE Management has issued a legal notice against the securities regulator, accusing it of contempt of court for proceeding with the liquidation or conversion process of close-ended funds.The country's largest private asset management company, which currently controls more than 47 per cent of the listed mutual fund sector, however, has...

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NCC Bank eyes full Shariah transition within 4 years

National Credit and Commerce (NCC) Bank PLC plans to gradually convert its entire operations from conventional to Shariah-based banking within the next four years.As part of the broader objective, the second-generation commercial bank, which started operations in 1993, continues to expand its Islamic banking footprint to meet growing demand for...

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Prime Bank posts 24pc profit growth in 2025

Continuing its profit growth over the last five years, Prime Bank has reported a 24.31 per cent year-on-year growth in profit to Tk 9.10 billion, alongside maintaining regulatory compliance that strengthened the company's capital base.The company's sustained focus on quality credit was one of the key factors behind the continued...

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