Regulator plans crackdown on non-compliant sponsor-directors
The securities regulator is set to take tough action against sponsor-directors who have yet to meet the minimum requirement of holding a 30 per cent joint stake in their listed companies.The requirement was introduced after the 2010 market collapse to ensure greater involvement of sponsor-directors in the affairs of the...
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Bay Leasing narrows Q3 loss
Bay Leasing has reported a loss of Tk 47.29 million in the third quarter through September 2025, which is about one-fifth of the loss incurred in the same quarter of the previous year.In a stock exchange filing on Monday, the non-bank financial institution (NBFI) posted a loss of Tk 0.34...
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Rafiul Islam new DMD of Uttara Bank
Md. Rafiul Islam has been appointed as the new deputy managing director (DMD) of Uttara Bank. Prior to this, he was the executive general manager of the bank, according to a press release.Mr Islam started his banking career in Uttara Bank in 1999 as officer grade-I. He worked at ICT...
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Political clarity fuels rebound in Dhaka stocks
The Dhaka bourse closed Monday's session with a sharp rise in the broad index, snapping the losing streak of the previous two sessions, as the majority of listed securities recorded gains.Increased investor participation, driven by expectations of quick gains as political clarity emerges, supported the market's upward trajectory, according to...
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BRAC Bank launches Google Pay for Visa credit cardholders
BRAC Bank has introduced Google Pay for its Visa credit cardholders, enabling fast, secure, and contactless payments through Android smartphones in Bangladesh and abroad. With this launch, BRAC Bank Visa credit cardholders can add their credit cards to Google Wallet and make payments at millions of merchant locations that support...
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CITIZENS BANK INAUGURATES AGLABAZAR SUB BRANCH
Citizens Bank Managing Director Alamgir Hossain inaugurated Aglabazar sub branch at Nawabganj, Dhaka, recently as chief guest. High officials of the bank, including deputy managing directors Md. Mostafizur Rahman and Md. Abdul Latif, were present while the chief guest delivered a speech on the occasion. He emphasised that Citizens Bank...
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