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

Stocks tumble as bank merger, new margin rules trigger panic sell-off

Stocks suffered a big jolt on Sunday as jittery investors went on a heavy sell-off of large-cap shares owing to prevailing political, regulatory, and banking sector uncertainties.Market analysts said investors dumped their holdings to escape further losses in the absence of any strong catalyst, while the proposed merger of five...

Power Grid trims losses by 54pc on higher revenue, stable forex

Power Grid has shown signs of recovery, with a year-on-year reduction in losses by as much as 54 per cent to Tk 2.10 billion in FY25, supported by higher revenue and favourable foreign exchange rates.Consequently, the power transmission company cut its losses to Tk 2.30 per share in FY25, compared...

IDRA seeks to reform reinsurance rules to fix poor claim settlement record

The proposal to remove the provision that makes Sadharan Bima Corporation (SBC) a mandatory reinsurer is intended to improve the claim settlement ratio of general insurers, not to undermine SBC's significance, said the insurance sector watchdog.The country had only a 35.54 per cent claim settlement ratio up until December 2023...

Mercantile Bank launches 'Mercantile Priority Zenith'

Mercantile Bank PLC launched its premium banking segment, 'Mercantile Priority Zenith', at MBL Centre in Dhaka on Sunday. Managing Director of the bank Mati Ul Hasan formally inaugurated the priority centre by cutting a ribbon. He mentioned that the launch of 'Mercantile Priority Zenith' is a milestone in the bank's...

HSBC hosts discussion on cotton ecosystem

The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh has recently hosted a roundtable discussion titled "Cotton Ecosystem: Strengthening Bangladesh's Apparel Value Chain" at a local hotel in Dhaka. Moderated by Md Mahbub ur Rahman, Chief Executive Officer, HSBC Bangladesh, the event brought together representatives from leading cotton suppliers and...

SYNGENTA RECOGNISED AS INNOVATION LEADER OF 2025

Syngenta Bangladesh has been recognised as the 'Innovation Leader of the Year 2025' by the Foreign Investors' Chamber of Commerce and Industry (FICCI) at its Sustainability & Innovation Awards ceremony, which celebrate excellence in Environmental, Social, and Governance (ESG) practices among member organisations. The award honours Syngenta's flagship sustainability initiative,...

EBL opens sub-branch in Pahartali

Eastern Bank PLC (EBL) inaugurated a new sub-branch at Foysal Dastagir Complex, Pahartali CDA Market, in Pahartali, Chattogram, on Sunday. M. Khorshed Anowar, DMD and Head of Retail and SME Banking; Mesbah Uddin Ahmed, Area Head, Chattogram; and Md. Rezaul Karim Sharif, Area Head, Branch Operations and Support from EBL;...