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

Travel ban on directors, MDs of Dhanmondi, PFI securities for defrauding clients

The securities regulator will seek travel ban on top brasses of Dhanmondi Securities and PFI Securities for embezzling clients' funds worth Tk 353.6 million from the consolidated customers accounts (CCAs).As part of actions against brokers for malpractices, the Bangladesh Securities and Exchange Commission (BSEC) will also ask the depository authority...

Alif Industries' deceptive plan to push up stock scrapped

The securities regulator cancelled its permission to listed textile sector firm Alif Industries for collection of Tk 2 billion by issuing shares to its directors after repeated time extension had failed to serve the purpose. The new order was issued by the Bangladesh Securities and Exchange Commission (BSEC) on Wednesday....

Submarine Cable to issue shares against already disbursed public funds

The securities regulator has allowed Bangladesh Submarine Cable Company Ltd (BSCCL) to issue 22.13 million ordinary shares to the government against share money deposits to comply with a more-than-four-year-old regulatory order.The Bangladesh Securities and Exchange Commission (BSEC) gave its consent to the allocation of shares in favour of the secretary...

GP WINS ASIAN TECHNOLOGY AWARDS 2024

GP WINS ASIAN TECHNOLOGY AWARDS 2024Grameenphone (GP) won the Asian Technology Awards 2024 in the Digital - Telecommunications category for its MyGP app. The Asian Technology Awards recognises outstanding technology-based innovations across various industries in Asia. Commenting on the achievement, Solaiman Alam, chief digital officer, and Niranjan Srinivasan, chief information...

MTB wins "Best Bank" title from Indian Chamber of Commerce

Mutual Trust Bank (MTB) won the "Best Bank" title by the Indian Chamber of Commerce (ICC).MTB's commitment to excellence is reflected in its innovative approach to banking, offering tailor-made products and services that cater to the diverse needs of its customers, according to a press release.The bank has set a...

PRIME BANK, DOTLINES TO IMPROVE PAYROLL BANKING SERVICES

PRIME BANK, DOTLINES TO IMPROVE PAYROLL BANKING SERVICESPrime Bank recently signed an agreement with Dotlines, a renowned tech company, aimed at enhancing banking services for Dotlines's employees. Employees will be able to avail of various benefits including preferential offers in accounts, credit cards, loans, and digital banking solutions. Md. Nazeem...

Tarek Reaz Khan new MD of NRB Bank

Tarek Reaz Khan has recently joined NRB Bank as the managing director (MD) for a 3-years tenure. Prior to joining NRB Bank, Mr Tarek served as MD and chief executive officer of Padma Bank.After completing Masters in Marketing from the University of Dhaka in 1994, Mr. Tarek served in multiple...

Asian markets drop on economy worries, yen rallies

HONG KONG, Sept 11 (AFP): Equities slipped Wednesday following a mixed day on Wall Street, as worries about the world's top two economies offset optimism that the Federal Reserve will start cutting interest rates next week.Meanwhile, the yen hit its highest level in nine months after a Bank of Japan...

FAO wants to support BD in mango export

Food and Agriculture Organization (FAO) of the United Nations is keen to enhance support in exporting mangoes from Bangladesh to promote the product at global, regional and local levels, reports BSS."FAO will help Bangladesh to export its different seasonal fruits including mango through their 'One Country One Priority Product' (OCOP)...

Community Bank donates Tk 3m for flood victims

Community Bank donates Tk 3m for flood victimsCommunity Bank Bangladesh PLC has contributed Tk 3.0 million to the Chief Advisor's Relief and Welfare Fund to stand by the flood-affected people under its corporate social responsibility (CSR) programme. Faruk-e-Azam, Adviser to the Ministry of Disaster Management and Relief, received a pay...

ALLIANCE FINANCE SUPPORTS SAJIDA FOUNDATION FOR FLOOD VICTIMS

ALLIANCE FINANCE SUPPORTS SAJIDA FOUNDATION FOR FLOOD VICTIMS Alliance Finance PLC (AFPLC) made a donation as part of its Corporate Social Responsibility (CSR) to SAJIDA Foundation to support flood victims. SAJIDA Foundation has been running a project called ‘Emergency Flood Relief: Rescue, Nutrition & Dignity Support’ in the flood-hit areas...

UBS to uphold loan volumes in Switzerland of $400b

ZURICH, Sept 11 (Reuters): UBS will continue to provide around 350 billion Swiss francs ($414 billion) of loans to its home market, a senior executive at the Swiss bank said on Wednesday, countering speculation it could trim domestic loan volumes.UBS' Switzerland country head Sabine Keller-Busse said the bank's commitment to...

BRAC Bank inaugurates renovated Sylhet Branch

BRAC Bank inaugurates renovated Sylhet BranchBRAC Bank has inaugurated a renovated Sylhet Branch to provide more convenience and amenities to the customers. Meheriar M. Hasan, Chairperson, BRAC Bank, formally inaugurated the branch at Pallabi Trade Centre on Sunamganj Road, Subid Bazar in Sylhet City, recently. Sheikh Mohammad Ashfaque, Deputy Managing...

RUPALI BANK BUSINESS CONFERENCE HELD IN BARISHAL

RUPALI BANK BUSINESS CONFERENCE HELD IN BARISHAL Rupali Bank PLC organised Business conference-2024 of Barishal Division at Bangladesh Rice Research Institute in Barishal on Tuesday. The bank's Managing Director Mohammad Jahangir was present as the chief guest. The bank's Barishal Divisional Head Abdullah Al Mahmud presided over the event.

SMC to use bKash’s B2B solution for cash collection

SMC Enterprise Limited, one of the leading social business enterprises in the country, is set to use bKash's B2B (business to business) cash collection solution. The strategic move enables SMC to convert their cash into electronic money (e-money) from designated bKash drop-off points. This will contribute to a more efficient,...