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

T-bond turnover falls 38pc on DSE as interbank platform dominates

Secondary trading of Treasury bonds on the Dhaka Stock Exchange (DSE) remains subdued despite the rapid expansion of the bond market as a parallel interbank trading platform continues to keep institutional investors away from the bourse.T-bond trading on the prime bourse slid 38 per cent year-on-year to Tk 576 million...

Apex, bKash jointly offer gifts, discounts

Apex and bKash have jointly taken various initiatives to make shopping at the stores of the footwear and lifestyle brand more rewarding using the mobile financial service, according to a press release.In this regard, an agreement was signed recently at the Apex head office in Gulshan, Dhaka, which was attended...

Embattled Uttara Finance discloses years of losses after BB intervention

Distressed non-bank financial institution Uttara Finance and Investments Limited revised down its financial results of 2019 from a profit of Tk 1.18 billion to a loss of Tk 3.1 billion, revealing its true status on orders from the central bank.The NBFI also reconfirmed its loss of Tk 4.7 billion in...

BRAC Bank recognises 25 most impactful institutions

BRAC Bank has marked its 25th anniversary with a landmark initiative to recognise the 25 Most Impactful Institutions in Bangladesh, celebrating organisations whose contributions have transformed lives, strengthened communities, and advanced socioeconomic progress.Widely regarded as a first-of-its-kind corporate recognition initiative in Bangladesh, the programme honours institutions that have demonstrated exceptional...

Zahidul Haque appointed DMD of National Bank

Zahidul Haque joined National Bank as deputy managing director (DMD) on July 2, according to a press statement.Before joining National Bank, Mr. Haque served as senior executive vice president & chief information and technology officer (CITO) at Eastern Bank, where he spent 15 years building and scaling one of the...

MTB, JIBAN BIMA CORPORATION INK DEAL FOR CASH MANAGEMENT SERVICES

Mutual Trust Bank (MTB) and Jiban Bima Corporation have recently signed an agreement for cash management services at a ceremony at Six Seasons Hotel, Gulshan-2, Dhaka. Under this agreement, Jiban Bima Corporation will utilise MTB's integrated API-driven cash management services for the nationwide collection of insurance premiums. Transaction approvals can...

CITIZENS BANK CELEBRATES 4TH ANNIVERSARY

Citizens Bank celebrated the 4th anniversary of its commencement of commercial operations recently. The celebration was graced by Chowdhury Mohammed Hanif Shoeb, chairman of the bank, along with Masuduzzaman, chairman of the executive committee, and AK M Shahidul Haque, independent director. Md. Mostafizur Rahman, managing director (current charge), Md. Abdul...

Govt working to regain top spot in global ship recycling, says minister

CHATTOGRAM, July 06: The government is working to restore Bangladesh's position as the world's leading ship recycling nation by promoting environmentally compliant ship recycling yards and addressing the policy and operational challenges facing the industry, Industries Minister Khandaker Abul Moktadir said on Monday.Speaking to reporters after visiting the PHP Ship...

Labaid opens NEO PAED Zone

With a commitment to ensuring safer, more advanced, and internationally standardised healthcare services for newborns and children, Labaid Specialized Hospital has officially inaugurated its NEO PAED Zone on Monday. The unit was inaugurated by Dr. A. M. Shamim, Founder and Managing Director of the Labaid Group, says a press statement.Designed...

BHBFC WINS THE BEST INNOVATIVE INITIATIVE AWARD

Bangladesh House Building Finance Corporation (BHBFC) has won first prize in the 'E-Governance and Innovative Initiative' competition. The corporation received the award for its innovative project, 'Automating the Document Return Process', in the non-bank financial institution category. Finance Minister Amir Khasru Mahmud Chowdhury handed over the award to BHBFC Managing...

India aims to make it easier to short by nearly doubling stocks eligible for borrowing

MUMBAI, July 6 (Reuters): India's markets regulator aims to make it easier for investors to short stocks by nearly doubling the number of shares eligible for lending and borrowing and by cutting collateral requirements, two people with direct knowledge of the plans said.The changes are aimed at boosting the cash...