Finance News: Latest Financial News, Finance News today in Bangladesh

IDRA moves to liquidate distressed insurers' assets to settle claims

Quick settlement of long-pending insurance claims is one of the top priorities of the Insurance Development and Regulatory Authority (IDRA) in attempts to restore public trust in the insurance sector, says the newly appointed chief.The regulator has moved to liquidate assets of financially distressed insurers to repay policyholders' claims. It...

BSEC orders probe into suspicious trading of three listed firms

The Bangladesh Securities and Exchange Commission (BSEC) has ordered detailed investigations into suspicious trading activities involving the shares of three listed companies after sharp price gains within a short period.The companies are Malek Spinning Mills Ltd, Zeal Bangla Sugar Mills Ltd, and Apex Weaving and Finishing Mills Ltd.Shares of Malek...

HSBC upgrades Indian equities to 'neutral' on easing oil prices, return of foreign flows

HSBC upgraded Indian equities to "Neutral" from "Underweight" on Thursday, as easing crude oil prices reduced earnings risks for companies in the world's third-largest crude importer and measures to stabilize the rupee drew back foreign investors, reports Reuters.The brokerage raised its 2026-end target for the BSE Sensex index to 84,000...

Badiur Rahman new chairman of Al-Arafah Islami Bank

Badiur Rahman has been elected as the chairman of Al-Arafah Islami Bank PLC and Salim Rahman as the chairman of Executive Committee of the bank. An emergency meeting of the Board of Directors elected them unanimously on Thursday, says a press statement.Badiur Rahman is a Sponsor Director of Al-Arafah Islami...

CCCI donates Tk 10m to PM's relief fund for flood victims

CHATTOGRAM, July 16: The Chittagong Chamber of Commerce and Industry (CCCI) has donated Tk 10 million to the Prime Minister's Relief and Welfare Fund to support people affected by the recent floods.A CCCI delegation, led by its President Amirul Haque, handed over the cheque to Prime Minister Tarique Rahman at...

SOUTHEAST BANK, STRUCTURAL ENGINEERS INK DEAL TO OFFER HOME LOANS

Southeast Bank has signed a memorandum of understanding (MOU) with The Structural Engineers Ltd. (SEL) to offer home loan to customers of SEL at competitive rate of interest and with other special benefits. Md. Sekander-E-Azam, deputy managing director of Southeast Bank, and Mohammad Abdullah, deputy managing director of SEL, signed...

PRIME BANK DISTRIBUTES BRAILLE BOOKS IN COLLABORATION WITH BERDO

Prime Bank has collaborated with the Blind Education and Rehabilitation Development Organization (BERDO), a non-governmental organisation dedicated to the education and rehabilitation of visually impaired individuals, to promote accessibility and financial inclusion through the distribution of Braille learning materials. As part of the initiative, the bank recently distributed 40 Braille...

EBL PARTNERS WITH ALEPH TO STRENGTHEN DIGITAL PRESENCE

Eastern Bank (EBL) has entered into a strategic partnership with Aleph Group, the authorised commercial partner of leading global digital platforms, including Google and TikTok in Bangladesh, to enhance its digital advertising capabilities through global expertise, innovative technologies, and industry best practices. An agreement to this effect was signed at...

ISLAMI BANK HOLDS BOARD MEETING__

A meeting of the board of directors of Islami Bank Bangladesh PLC was held on Wednesday at Islami Bank Tower. Mohammad Zahir Hussain, Executive Director of Bangladesh Bank and the sole representative of the board of directors of Islami Bank, presided over the meeting. Md. Altaf Hossain, Managing Director (Acting),...

SONALI BANK HOLDS BUSINESS REVIEW MEETING IN TANGAIL

Sonali Bank PLC, Principal Office Tangail, hosted a business review and views-exchange meeting at its office in Tangail on Wednesday. Mohammad Ismail, General Manager In-charge of GM office Dhaka North, attended the meeting as the chief guest. S.M. Habibur Rahaman, Deputy General Manager of Principal office Tangail, presided over the...

Dimon-led JPMorgan poised to become world's first $1 trillion bank

Jamie Dimon's two decades at the helm of JPMorgan Chase have rewritten industry record books and the Wall Street giant is now within striking distance of another landmark - becoming the first bank ever to be valued at $1 trillion, reports Reuters.Crossing the milestone will put the bank in a...