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

6 merchant banks face licence cancellation over capital deficiency, inactivity

In a major regulatory crackdown, the stock market watchdog has initiated the process of cancelling the licences of six more merchant banks over allegations of prolonged inactivity and capital deficiency.The move was triggered by preliminary findings that some of the institutions had long failed to meet minimum capital requirements, while...

Rupali Bank's paid-up capital to nearly double with new shares

Rupali Bank is set to nearly double its paid-up capital after securing regulatory approval to issue Tk 6.80 billion worth of ordinary shares to the government against accumulated share money deposits.In a regulatory filing on Monday, the state-owned lender said the Bangladesh Securities and Exchange Commission (BSEC) approved the issuance...

Most Gulf markets in the red amid escalating hostilities

Major stock markets in the Gulf retreated on Monday as hostilities escalated across the region and Iran asserted that it had sealed the strategically vital Strait of Hormuz, sending oil prices higher and reigniting global inflation fears, reports Reuters.US forces carried out another wave of strikes against Iran on Sunday,...

City Bank-bKash digital nano loan disbursement surpasses Tk 100b

The cumulative disbursement of the City Bank-bKash Digital Nano Loan has exceeded Tk 100 billion, marking a major milestone in Bangladesh's journey towards digital lending and financial inclusion, according to a press release.Since its commercial launch in December 2021, the service has provided loans to 3.5 million bKash app users...

MODHUMOTI BANK HOLDS 1ST SHARIAH SUPERVISORY COMMITTEE MEETING

Modhumoti Bank held its first Shariah Supervisory Committee meeting on Sunday at the bank's head office in Gulshan. The meeting was presided over by Hafiz Mufti Saiful Islam, the chairman of the bank's Shariah Supervisory Committee. Hafiz Mufti Zubair Abdullah and Mufti Abu Bakar Siddique Nabil -- members of Shariah...

BRAC BANK PARTNERS WITH SEL TO OFFER HOME LOAN BENEFITS

BRAC Bank has signed a strategic partnership with The Structural Engineers Limited (SEL), one of Bangladesh's leading real estate developers, to provide exclusive home-financing benefits to SEL customers and employees. Under the partnership, customers purchasing SEL properties can enjoy home loans of up to 70 per cent of the property's...

NCC BANK, AKIJ RESOURCE GROUP SIGN MOU ON 'ADVANCE CASH MANAGEMENT'

NCC Bank and Akij Resource Group, one of the country's leading industrial conglomerates, have recently signed a memorandum of understanding (MoU) on advance cash management. Through this agreement, NCC Bank will ensure safe, technology-driven, and modern collection services for Akij Resource Group's dealers and distributors nationwide. Dealers will be able...

ACI PHARMA BUSINESS HOLDS ANNUAL MARKETING CONFERENCE

ACI Pharma Business held its Annual Marketing Conference 2026-27 in Cox's Bazar recently, bringing together Field Marketing and Strategic Marketing personnel from across Bangladesh. M Mohibuz Zaman, MD & CEO, ACI Healthcare Ltd.; Mohammad Abul Basher Howlader, Director, HealthCare Operations; Md. Muhsin Mia, Director, Marketing Operations; Mahmudur Rahman Bhuiyan, Director,...

ASIA PACIFIC GENERAL INSURANCE HOLDS 26TH AGM

Asia Pacific General Insurance PLC held its 26th Annual General Meeting on a digital platform recently. Company Chairman Aftab ul Islam presided over the meeting attended by Vice Chairman Wahidul Haque Siddiqui, Directors, Chief Executive Officer K.M. Saidur Rahman and a large number of shareholders. The meeting approved 14% dividend...

Wall Street banks ramp up digital assistants in bid to win productivity race

NEW YORK, July 13 (Reuters): Major banks are ramping up how they incorporate digital assistants in their daily operations, determining how such agents interact with human colleagues and clients as they race to get ahead.Banks are competing in the adoption of agentic AI - artificial intelligence that can accomplish tasks...

India markets regulator tightens ethics rules for current, former employees

MUMBAI, July 13 (Reuters): India's markets regulator has imposed a two-year cooling-off period for former officials, barring them from representing clients before it in investigations, settlement proceedings and applications for fundraising or regulatory approvals, according to a government notification.The regulator also extended investment restrictions to employees' family members, the notification,...