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

Money to be invested in only 'A' stocks by credit-worthy investors

Taskforce meant to suggest reforms to the capital market recommended that investors having less than Tk 1 million in equity investment do not get margin loans and only 'A' category companies be considered as marginable stocks. The changes to the margin rules are aimed at lowering risks of loans turning...

Citibank to pioneer innovative solutions in Bangladesh: Mayank Gupta

Citibank, N.A. in Bangladesh is committed to play a pioneering role in introducing world-class innovative products and services for facilitating business activities in Bangladesh, a senior official of the global bank has said."Bangladesh has made rapid strides over the last many years, with the Gross Domestic Product (GDP) doubling in...

Trustees, custodians to be signatories of MF transactions: Taskforce

Trustees and custodians are often blamed for not securing interest of unit holders of mutual funds whenever embezzlement of any fund by a rogue asset management company (AMC) makes headlines.Facing a situation like that, several trustees said they had little power to stop fund mismanagement as fund managers were the...

Reliance Insurance earns record profit on high premium income

Reliance Insurance secured a record profit in 2024, supported by higher premium income and investment return, in a challenging business climate. The insurer's profit jumped 39 per cent year-on-year to Tk 959 million in 2024, the highest since its listing in the stock market in 1995.Accordingly, its earnings per share...

PRIME BANK SIGNS CASH MANAGEMENT DEAL WITH HEALTHCARE PHARMACEUTICALS

Prime Bank recently signed an agreement with Healthcare Pharmaceuticals Ltd at the bank's corporate office to provide the pharmaceutical company with comprehensive cash management solutions. Healthcare Pharmaceuticals will avail of services of PrimePay, the omni-digital channel of the bank, to initiate all types of domestic disbursements and will also utilise...

BRAC BANK HOSTS SCHOOL BANKING CONFERENCE

BRAC Bank organised a 'School Banking Conference' in Brahmanbaria as the lead bank under the guidance of the Bangladesh Bank. The conference was aimed at educating students about banking services and encouraging savings at an early age. The event brought together all banks operating in Brahmanbaria, along with many students,...

Clarification (2025-02-12)

The FE published a story headlined, 'Dhaka bourse's faulty IPO list confuses investors' in its February 10 issue where it was mentioned that the IPO application of Protective Islami Life Insurance PLC, among a few other IPO applications, was rejected by the securities regulator.However, Mr. Farhad Uddin, addl. managing director...

Employers' undue influence in RSC puts RMG workers' safety at risk

Global rights campaigners have raised concerns that excessive employer influence over operations of RMG Sustainability Council (RSC), the factory safety body, is weakening its effectiveness and endangering workers. The RSC was set up in 2020 to take over the responsibility from the Accord on Fire and Building Safety in Bangladesh,...

Sharpener 2025: 'Bon Lee' emerge as winner

The Advertising Agencies Association of Bangladesh (AAAB) has successfully concluded one of the country's most prestigious competitions, 'Sharpener 2025'. Held in Dhaka, this competition saw participation from 12 advertising agencies, with Team 'Bon Lee' from the agency 'Mighty' emerging as the ultimate winner, says a statement.The winning team members, Bondhon...

Ali Reza joins Union Bank as CFO

Union Bank PLC has appointed Md Ali Reza as its Chief Financial Officer (CFO) of the bank, says a statement. With over 26 years of experience in the banking and non-banking financial sectors, Mr Reza brings unparalleled expertise and leadership to this critical role.Mr. Reza's started off his career in...

CRAB gets new MD & CEO

Md Abu Shahed Shams Azad has been appointed as the Managing Director & CEO of the Credit Rating Agency of Bangladesh Limited (CRAB), effective from February 9, says a statement. Mr Azad, who obtained his MBA degree from IBA, University of Dhaka, has more than 20 years of professional experience...