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

Single-day cash deposit to be doubled

The securities regulator has assured stock brokers of doubling single-day cash deposit by investors to accelerate their participation in transactions.The assurance came on Monday at a webinar attended by a large number of stock brokers of Dhaka Stock Exchange (DSE).The chairman of the Bangladesh Securities and Exchange Commission (BSEC) Prof....

Bank Asia to establish neobank

FE DESKBank Asia is set to form a neobank, a completely new concept for Bangladesh, within December, in a move that can change the face of banking in the country broadening the financial inclusion.According to a recent Dhaka Stock Exchange disclosure, the customers of the platform will settle all transactions...

DSE key index surges 665 points in Aug

The core index of the Dhaka Stock Exchange (DSE) soared 665 points or 15.77 per cent in August riding on active participation of high net worth individuals.The market witnessed rallies in recent days riding on the regulatory steps to ensure accountability of the market stakeholders, according to market insiders and...

Midland Bank signs deal with UK-based Primadoller

Midland Bank Limited, signed an agreement with Primadollar Operations Limited, a UK-based company, to provide better services to its foreign trade customers, said a statement.Midland Bank Limited jointly with Primadollar Operations Limited, will launch fintech-based factoring services for exporters. This will allow local exporters to receive their usance bills instantly...

Dhaka Bank elects EC chairperson, other committee chairmen

Rokshana Zaman Monir Uddin Yussouf Khan Rokshana Zaman has recently been elected as the chairperson of the executive committee of the board of directors of Dhaka Bank Limited, said a statement. Mrs. Zaman is an experienced business person and a prominent woman entrepreneur in the country....

City Bank signed an agreement with Petrochem (Bangladesh) Ltd at the City Bank head office in Gulshan recently for employee

City Bank signed an agreement with Petrochem (Bangladesh) Ltd at the City Bank head office in Gulshan recently for employee banking facility. The agreement was exchanged by Md. Abdul Wadud, Deputy Managing Director and Head of Commercial & Trade Business of City Bank, and Saif Uddowlah, Managing Director of Petrochem...

Bangladeshi organisation gets Best IT Solution award

Performax (http://www.performax360.com), an end-to-end stakeholder engagement and business intelligence platform, announced on Monday that they are a winner in the 2020 SaaS Awards Program, a part of Awarding & Consultancy International. Performax is placed first in the category for Best SaaS for Stakeholder Engagement. The SaaS Awards (http://www.cloud-awards.com) celebrate excellence...