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

DSE nominates seven independent directors to revitalise board

The Dhaka Stock Exchange (DSE) has submitted a list of seven nominees for appointment as independent directors to its board, aiming to make it functional, as suggested by the securities regulator after six independent directors resigned in the wake of political change in the country.The premier bourse sent the names...

Merchant bankers seek extension of loan repayment period to 2032

The Bangladesh Merchant Bankers Association (BMBA) has formally requested the government to extend the repayment period for loans taken under the capital market refinancing scheme by an additional five years.In a letter to the Financial Institutions Division of the Ministry of Finance (MoF) on August 27, The BMBA sought the...

Intel rises as report of chipmaker exploring options cheers glum investors

Intel's shares rose more than 3 per cent in early trading on Friday, as a report of the struggling chipmaker exploring options that could include a merger or a split induced some investor enthusiasm after one of the stock's worst slumps in decades, reports Reuters.The company is working with investment...

Modhumoti Bank Risk Management Committee meeting...

Modhumoti Bank Risk Management Committee meetingThe 39th meeting of the Risk Management Committee of the Board of Directors of Modhumoti Bank PLC was held on Thursday. The meeting was presided over by Mostafa Kamal, Chairman of the Board's Risk Management Committee. Among the members of the Board's Risk Management Committee,...

Nurul Amin new chairman of Global Islami Bank

Mohammed Nurul Amin, former managing director of Meghna Bank PLC and NCC Bank PLC, has been appointed as the Independent Director and Chairman of the Board of Directors of Global Islami Bank PLC, following his selection by Bangladesh Bank, says a press release.Nurul Amin held top positions in many banks...

US stock rally broadens as investors await Fed

NEW YORK, Aug 31 (Reuters): A broadening rally in US stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key jobs data and the Federal Reserve's expected rate cuts in September.As the market's fortunes keep rising and falling with big tech stocks...

Indian banks' body to seek easing of proposed norms for retail deposits

MUMBAI, Aug 31 (Reuters): The Indian Banks' Association is likely to ask the central bank to reduce the amount of additional funds lenders will need to set aside against some retail deposits and also seek a delayed and gradual implementation of the proposal, seven sources told Reuters.The Reserve Bank of...

Agrani Bank inaugurates Banking Foundation Training Course

Agrani Bank inaugurates Banking Foundation Training CourseThe 30-day Banking Foundation Training Course for the 86th and 87th batches, organised by Agrani Bank Training Institute (ABTI) has started. Chief Executive Officer of Agrani Bank PLC Md Murshedul Kabir inaugurated the training course on Saturday. Deputy Managing Director Wahida Begum was present...

Rezaul Karim new chairman of BPDB

Engr Md Rezaul Karim has been appointed as the chairman of Bangladesh Power Development Board (BPDB), says a press release.He will take charge as 39th chairman of BPDB today (Sunday). Prior to joining, he was a member (distribution) of BPDB. He replaces BPDB former chairman Engineer Mahbubur Rahman.Rezaul Karim was...