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Search date: 19-02-2019 Return to current date: Click here

IDRA move for central database, UMP

The Insurance Development and Regulatory Authority (IDRA) has taken a fresh initiative to remove customer dissatisfaction in insurance sector through launching Unified Messaging Platform (UMP). Approximately more than 10 million policy holders of both life and non-life insurance companies will be directly benefitted by implementation of UMP.IDRA says, as a...

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IDLC's performance highlights show resilience in 2018

IDLC Finance's total loan book increased by 17.39 per cent and now stands at BDT 83.9 billion in 2018. NPLs reduced to 2.20 per cent from 2.77 per cent in the previous year, reflecting an improvement in portfolio quality. A total of 5,803 new loan clients were booked during the...

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DSEX slumps to six-week low as major sectors tumble

Stocks plummeted on Monday, after remaining positive in the past three days, as risk-averse investors went on selling binge.Market analysts said investors were mostly on selling mode, particularly on telecommunication, banking, non-bank financial issues, taking the market index to six weeks low.Disappointing earnings declaration of some listed companies also prompted...

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BRAC Bank, Shahriar Steel sign deal

BRAC Bank Limited has signed an Employee Banking Agreement with Shahriar Steel Mills Ltd. (SSRM), said a statement. SSRM, a leading manufacturer of steel products in Bangladesh, is a corporate client of BRAC Bank. Under this agreement, the employees of SSRM will enjoy exclusive benefits of Employee Banking services from...

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News Briefs-(19-2-2019)

Disbursement of dividend Power Grid Company of Bangladesh Ltd.: The company has informed that it has disbursed the cash dividend for the year ended on June 30, 2018 to the respective shareholders' Bank Accounts through BEFTN system.Spot tradingPrime Finance First Mutual Fund: Trading of the units of the fund will...

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Islami Bank Bangladesh Limited signs agreement with DHL Worldwide Express (BD)

Islami Bank Bangladesh Limited signed an agreement with DHL Worldwide Express (BD) Pvt. Ltd. on Monday at Islami Bank Tower. In presence of Md. Mahbub ul Alam, Managing Director & CEO, Mohammad Ali, Deputy Managing Director of the Bank and Md. Miarul Haque, Country Manager of DHL signed the agreement...

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Dhaka Bank signs MoU with a2i programme

Dhaka Bank has signed a MoU with a2i programme of ICT Division at ICT Tower, Agargaon, to provide online utility bill management services to the citizens of the country recently. Emranul Huq, Additional Managing Director of Dhaka Bank Limited and Md. Mustafizur Rahman, PAA, Additional Secretary and Project Director of...

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Md. Mehmood Husain inaugurating ATM Booth at Gulshan

Md. Mehmood Husain, Managing Director & CEO of NRB Bank Limited inaugurating a ATM Booth at Gulshan in the city on Sunday where Md. Khurshed Alam, Deputy Managing Director of the bank was present

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LHBL-Geocycle stall

Dr. Sultan Ahmed, Director General, Department of Environment visited the LHBL-Geocycle stall at the workshop titled 'Sustainable Management of Plastic to Leverage Circular Economy and achieve SDG in Bangladesh' held at a city hotel recently

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Merchant Banking Software "XMBANK"

Cygnus Innovation Limited completed implementation of Merchant Banking Software "XMBANK" Deployment for Prime Bank Investment Limited. Tanveer Reza, COO & EVP of Prime Bank Investment and C.M. Fazle Sami, Managing Director of Cygnus Innovation were present during the ceremony

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Runner Motors opens new office and display centre

Runner Motors Limited opened a new office and display centre at Dinajpur on Sunday to establish the motto "Reach & Win Every Customer" where A.M. Hamim Rahmatullah, Managing Director, and Feroz Kabir, General Manager, were present

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Sensex falls 311 points as geopolitical concerns weigh

NEW DELHI, Feb 18 (Business Standard): Despite a rally in global equities, Indian markets lost ground on Monday, as investors assessed the nation's retaliation to a deadly attack on its defense forces last week. Benchmark indices ended nearly 1 per cent lower on Monday, led by a decline in PSBs,...

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