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

Apex court clears path for mutual fund overhaul, RACE probe enforcement

The legal roadblock to the conversion or liquidation of closed-end mutual funds has been cleared, as the Chamber Court of the Appellate Division stayed the status quo orders issued on writ petitions challenging the regulatory move."We have no bottlenecks now to enforce [the regulatory mandates]," said Md. Abul Kalam, spokesperson...

Stocks rebound on bargain hunting, easing Middle East tensions

Stocks rebounded on Wednesday after a one-day break, driven by bargain hunting in undervalued blue-chip shares as investor sentiment improved on hopes of positive market developments and easing Middle East tensions.The rally was also driven by a combination of fiscal incentives, tax relief measures and regulatory reform initiatives aimed at...

Mohammad Mamun Faruk promoted to DMD of MTB

Mohammad Mamun Faruk has been promoted to deputy managing director (DMD) at Mutual Trust Bank (MTB). In his new role, he will serve as the head of Wholesale Banking Division (WBD), according to a press statement.Mohammad Mamun Faruk is a banking professional with over 26 years of experience in the...

EBL retains highest AAA credit rating for fourth consecutive year

Eastern Bank (EBL) has once again been awarded the highest long-term credit rating of AAA by Credit Rating Agency of Bangladesh Limited (CRAB), along with a short-term rating of ST-1 and a Stable Outlook, reaffirming the bank's strong financial position and resilience, according to a press release.This marks the fourth...

PRIME BANK INKS DEAL WITH NIRMAN BUILDERS TO OFFER EXCLUSIVE BENEFITS

Prime Bank has recently signed an agreement with Nirman Builders & Developers, enabling the bank's customers to enjoy exclusive discounts and special offers on the latter's products and services. The signing ceremony was held at Nirman Builders & Developers' corporate office in Tejgaon Industrial Area, Dhaka. The agreement was signed...

CITY BANK ARRANGES SYNDICATED FINANCING FOR FAR EAST SPINNING INDUSTRIES

City Bank has successfully closed syndicated term loan arrangement of Tk 2.34 billion for Far East Spinning Industries. City Bank has served as the mandated arranger, agent and participating lender for the transaction. Dhaka Bank and Eastern Bank were also participants in the syndication. The transaction was also bilaterally supported...

China bonds emerge as surprise haven as Iran war reshapes portfolios

SHANGHAI/HONG KONG, June 17 (Reuters): Global asset managers have been adding Chinese government bonds to their portfolios since the Iran war broke out, drawn not by yield but by their near-zero correlation with Western markets.Amid a global rout in sovereign debt since March that has sent benchmark yields soaring between...

Dr Zaman new president of Business Elite Club

Dr Md Shadi-Uz-Zaman, Managing Director of Notundhora Group, has taken over as the newly elected president of Business Elite Club Limited. The club organised a grand event at the Banani Club Banquet Hall in the capital city recently. During the event, the club's First Annual General Meeting (AGM) was held,...

ICSB celebrates Chartered Secretary Day

The Institute of Chartered Secretaries of Bangladesh (ICSB) celebrated Chartered Secretary Day 2026 on Tuesday, commemorating the enactment of the Chartered Secretaries Act, 2010. The daylong celebration included a colorful rally, cake cutting, discussion session and musical programme.

AL-ARAFAH ISLAMI BANK HOLDS 460TH BOARD MEETING

The 460th Board meeting of Al-Arafah Islami Bank PLC was held at the bank's Head Office in Dhaka on Wednesday. Chairman of the Board of Directors Khwaja Shahriar presided over the meeting. The overall business performance of the bank was reviewed and several policy decisions were made at the meeting....

JANATA CAPITAL AND INVESTMENT LIMITED HOLDS 16TH AGM

The 16th Annual General Meeting (AGM) of Janata Capital and Investment Limited (JCIL), a subsidiary company of Janata Bank PLC, was held at its Head Office in Dhaka on Wednesday. Md Mazibur Rahman, Chairman of the Board of Directors of JCIL and Managing Director of the Janata Bank, presided over...

ACI PROPERTIES LAUNCHES SERENO LEVANDE

ACI Properties Limited has launched Sereno Levande, an integrated digital property service platform, at a keynote event held at ACI Center. Created to bring trust, care, and structure to the way people rent, manage, and experience homes, the platform marks ACI's entry into Bangladesh's property services sector. Sereno Levande brings...

Ambani's Jio set to file for India IPO within days

Reliance Jio Infocomm could file draft papers for its expected $4 billion IPO within days and just before billionaire Mukesh Ambani's closely watched annual speech on Friday to Reliance Industries' shareholders, the Financial Times reported on Wednesday, citing sources, reports Reuters.Reuters could not immediately verify the report.