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

Market task force suggests removing prior investment requirement for IPO shares

The task force of the capital market has recommended omission of the minimum prior equity investment requirement for investors to apply for IPO shares. The suggestion given in a report submitted to the Bangladesh Securities and Exchange Commission (BSEC) on Monday is aimed at encouraging participation of new investors in...

Eastern Bank gains record profit in 2024

Eastern Bank reported a record profit of Tk 6.6 billion in 2024, driven by higher net interest income following the introduction of market-based interest rate and higher investment income.The private commercial bank posted a 7.76 percent growth in consolidated profit year on year to Tk 6.6 billion in 2024.As a...

Sharp Industries comes under probe

The stock market watchdog has decided to investigate the business operations of Sharp Industries PLC (formerly RN Spinning Mills Limited) over the past six years, suspecting irregularities in their merger process.A three-member probe committee has been formed with specific terms of reference. It will have to submit a report on...

Ebl, Shishu Sasthya Foundation to work for poor children's healthcare

Eastern Bank (EBL) has partnered with the Shishu Sasthya Foundation, Bangladesh (SSF, B), to support paediatric healthcare services to underprivileged children, according to a press release.Ahmed Shaheen, additional managing director of EBL, handed over a cheque of Tk 6.1 million to Engineer Reza Karim, secretary general, Shishu Sasthya Foundation, at...

For Musk's Starlink, India approval could unlock emerging markets

BENGALURU, March 25 (Reuters): As Starlink nears regulatory approval in India for satellite broadband services, analysts say a victory there could pave a road into more emerging markets and boost the company's ambitions to add a million subscribers every year.There are still legal hurdles to overcome, and competition from companies...

SOUTHEAST BANK HOSTS CAPACITY DEVELOPMENT PROGRAMME

Southeast Bank Training Institute (SBTI) recently organised a capacity development programme to enhance marketing expertise on retail loan and credit card. This programme was aimed at enabling bank professionals to advance strategies and practical skills. Nuruddin Md. Sadeque Hossain, managing director of Southeast Bank, and Sayma Banu, director (Training) of...

PRIME BANK SIGNS PAYROLL AGREEMENT WITH OSCAR BANGLA COMPANY

Prime Bank has signed a payroll agreement with Oscar Bangla Company Limited at bank's corporate office in Dhaka recently. Under this agreement, the bank will secure an efficient payroll management system, ensuring timely salary transfer. Employees of the company will have access to various banking services, including loans, digital banking...

ISLAMI BANK HOLDS BOARD MEETING -_

Islami Bank Bangladesh held a meeting of the board of directors at Islami Bank Tower in Dhaka on Tuesday. Obayed Ullah Al Masud, chairman of the bank, presided over the meeting. Mohammad Khurshid Wahab, chairman of the executive committee; Md. Abdus Salam, chairman of the audit committee; Professor Dr. M....

Standard Bank holds 408th Board Meeting

The 408th Board Meeting of Shari'ah-based, Standard Bank PLC was held at the head office of the bank in Dhaka on Monday. Chairman of the Board of Directors Mohammed Abdul Aziz presided over the meeting. It was attended by Vice Chairman A K M Abdul Alim, Director & Founder Chairman...