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

Investors dump shares in hefty losses, unmoved by lofty reforms

The number of beneficiary owner's (BO) accounts with zero share balance surged by 6.8 per cent in the past one year as many investors sold off their entire holdings amid persistent economic challenges and political tensions.The number of BO accounts with share balance was 1.31 million on June 23 last...

Regulator to see if Ratanpur Steel can return to production

The stock market watchdog has decided to find out if Ratanpur Steel Re-Rolling Mills (RSRMSTEEL) has enough resources to return to business, prompted by its closure for years and non-submission of financial statements. The Bangladesh Securities and Exchange Commission (BSEC) deployed three officials to conduct the investigation. The company has...

Rupali Bank surpasses Tk 780b in deposits

Rupali Bank PLC has reached a major milestone by crossing Tk 780 billion in deposits, marking a significant achievement for the state-owned bank amid growing public trust and expanded financial inclusion efforts.The state-owned bank has made notable progress across several indicators, including deposits, as part of a broader trend of...

No financial liability for banks in contract-based imports: BB

The Bangladesh Bank has clarified that commercial banks will not bear any financial liability in the case of contract-based imports, in a move aimed at streamlining import procedures and encouraging greater engagement from banks, reports UNB.In a circular issued on Tuesday, the central bank said importers should not be restricted...

IPDC Finance appoints new Head of Retail Business

IPDC Finance PLC has appointed Mohammad Monirul Islam as its new Head of Retail Business, marking a strategic move aligned with the company's ambition to scale up its retail operations and deliver transformative customer experiences, says a statement.Mr. Islam brings with him nearly two decades of distinguished leadership across a...

BRAC Bank, Diners Club launch Emerald Credit Card

BRAC Bank has collaborated with Diners Club International to launch BRAC Bank Diners Club International Emerald Credit Card, which is tailored to offer a blend of luxury, convenience, and exclusive privileges to corporate professionals.New card members will receive welcome vouchers featuring attractive offers from esteemed partners in lifestyle, travel, dining,...

GOOGLE WALLET™ OFFICIALLY LAUNCHED IN BANGLADESH

Google Wallet has been officially launched in Bangladesh. City Bank customers can now add their Mastercard or Visa cards to Google Wallet and pay with Google Pay™. Google Pay is backed by advanced encryption technology, ensuring high levels of data security. The launching event was graced by Dr. Ahsan H....

EBL OFFERS loans for MOTOR BIKE PURCHASE

Eastern Bank will offer loans to customers purchasing brand new motor bikes from New Grameen Motors. M. Khorshed Anowar, DMD, head of retail and SME banking of EBL, and Mazba Uddin Mamun, chairman of New Grameen Motors Limited, signed an agreement to this effect in Dhaka recently. Syed Zulkar Nayen,...

Tesla shares soar after first robotaxi test rides hit the road in Austin, Texas

Tesla shares jumped over 9 per cent on Monday after the electric-vehicle maker started testing its long-awaited robotaxi service, a key step toward proving the technology that CEO Elon Musk has for years touted as a crucial driver of its lofty valuation, reports Reuters.The automaker deployed a small fleet of...

Nissan shareholders assail management over deepening crisis

TOKYO, June 24 (Reuters): Nissan Motor shareholders vented their frustrations over the automaker's poor performance at its annual general meeting on Tuesday, with some demanding greater management accountability for the deepening crisis at Japan's third-largest car company.The meeting was the first for new boss Ivan Espinosa since he replaced Makoto...

Jamuna Bank holds 24th Annual General Meeting

Jamuna Bank PLC held its 24th Annual General Meeting (AGM) through a virtual platform from its Corporate Office in Dhaka on Tuesday. The meeting was presided over by Robin Razon Sakhawat, Chairman of the Board of Directors of the bank. The AGM was attended by members of the Board of...

SENIOR MANAGEMENT TEAM OF RUPALI BANK HOLDS 26TH MEETING

The 26th meeting of the Senior Management Team (SMT) of Rupali Bank PLC was held at the bank's head office in Dhaka on Monday. SMT Chairman and Managing Director of the bank Kazi Md. Wahidul Islam presided over the meeting. Deputy Managing Directors Parsuma Alam, Hasan Tanvir and Md Harunur...

Meghna Bank holds 12th Annual General Meeting

The 12th Annual General Meeting (AGM) of Meghna Bank PLC was held at Madona Tower at Mohakhali in Dhaka on Monday. Chairperson of the bank Uzma Chowdhury presided over the meeting. Tanveer Ahmed, Chairman of the Executive Committee, Md Ali Akther Rezvi, Chairman of the Audit Committee, and Mohammad Mamunul...

WALTON HI-TECH GETS 'GREEN FACTORY AWARD'

Walton Hi-Tech Industries PLC has been honoured with 'Green Factory Award-2025' for enhancing productivity through use of skilled workforce and eco-friendly technology in a safe working environment. M. Yusuf Ali, additional managing director (AMD) of the company, received the award from Brig. Gen. M. Sakhawat Hussain (Retd), Adviser to the...

FAIR ELECTRONICS ACHIEVES GREEN FACTORY AWARD

Fair Electronics, manufacturer of mobile phone and consumer electronics of Hisense and Samsung in Bangladesh, has been awarded the Green Factory Award 2025. Mutassim Daiaan, Director of Fair Group, received the award in 'Electric and Electronics Product Manufacturing Industry' category from Brig. Gen. M. Sakhawat Hussain (Retd), Adviser to the...