BSEC chief vows to cut red tape, fight scams
The newly appointed chief of the securities regulator said he had been given a mandate by the government's top leadership when he took charge, and that mandate was to turn the market around, for which he would enjoy absolute independence.Masud Khan, in his maiden interview with The FE as chairman...
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PRIME BANK LEADS AGRICULTURAL LOAN CAMPAIGN IN MADHABPUR-
PRIME BANK LEADS AGRICULTURAL LOAN CAMPAIGN IN MADHABPURWith the aim of bringing banking services to the doorsteps of farmers and increasing agricultural production, an upazila-based agricultural credit campaign was held in Madhabpur, Habiganj. The event was held under the guidance of Bangladesh Bank (BB), Sylhet, with the participation of 15...
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Bank Asia empowering the next generation of MSMEs
Bank Asia is investing in advanced digital banking capabilities to deliver faster, simpler and more accessible financial services while expanding financial literacy, advisory and business development initiatives to help MSME entrepreneurs strengthen their managerial capabilities and build sustainable enterprises, according to a press statement.As part of its broader business transformation...
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Zeal Bangla Sugar Mills' trade suspended on suspicion of price manipulation
The Dhaka Stock Exchange (DSE) on Tuesday suspended trading of Zeal Bangla Sugar Mills after detecting an abnormal stock price surge even as the company remains burdened with massive accumulated losses. Zeal Bangla's trading suspension is the latest regulatory intervention as the prime bourse strengthens market surveillance under the newly...
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BSEC approves UCB rights issue, new open-ended MF
FE REPORTThe securities regulator has approved United Commercial Bank's proposal to raise Tk 7.75 billion through a rights share issue and given the go-ahead to a new open-ended mutual fund.The approvals came at the commission meeting on Tuesday chaired by Bangladesh Securities and Exchange Commission (BSEC) Chairman Masud Khan.UCB will...
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BRAC Bank secures €60M EIB facility to accelerate green transition
BRAC Bank has secured a landmark €60 million long-term financing facility from the European Investment Bank (EIB), marking the longest-tenor funding ever extended by a development finance institution to a commercial bank in Bangladesh. Arranged through BRAC Bank's Offshore Banking Unit, the 12-year facility will expand access to long-term green...
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JANATA BANK AND DUTCH-BANGLA BANK SIGN AGREEMENT ON ONLINE TRANSACTIONS -1
JANATA BANK AND DUTCH-BANGLA BANK SIGN AGREEMENT ON ONLINE TRANSACTIONS Janata Bank PLC and Dutch-Bangla Bank PLC have signed an agreement to facilitate online transactions through the Nexus payment gateway and Rocket. Under the agreement, JanataPay, Janata Bank's own payment gateway, will be enabled to accept online payments through Dutch-Bangla...
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