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

Banks' response to install Security Operation Centre very poor: BB

Bangladeshi banks need to adopt advanced cyber security system in line with the regulatory guidelines amid concern that the infrastructures in the country's banking sector is outrageously poor, cyber security experts, banking sector officials, policymakers and lawyers said Tuesday. They said the central bank and all the merchant banks need...

Regent Textile to acquire 99pc shares of Legacy Fashion

Regent Textile Mills, a listed company, will acquire 99 per cent shares of Legacy Fashion at a value of Tk 830.115 million based on net asset value reported in the financial statement for the year ended on 30th June, 2020.The board of directors of Regent Textile Mills has taken the...

DSE turnover rises 17 per cent

The broad index of Dhaka Stock Exchange (DSE) on Tuesday closed marginally higher and extended the gaining spree for fourth consecutive session amid investors' stance of 'diversifying' their portfolios.Small cap companies attracted the investors while the sectors of large cap companies performed mixed. Insurance sector, which recently has dominated the...

Genex Infosys to provide RPA services to Banglalink

Genex Infosys Limited, the largest publicly listed IT company of the country was recently awarded by the leading Telecom Provider Banglalink Digital for providing Robotic Process Automation (RPA) Services. Genex will automate multiple business processes for Banglalink using world's top RPA platform UiPath to accelerate the digital transformation journey. Robotic...

MBL inks deal with NLI

Mercantile Bank Limited has recently signed an agreement with National Life Insurance Company Limited. The agreement was signed by the Managing Director and CEO of the Bank Md. Quamrul Islam Chowdhury, and CEO of National Life Insurance Company Ltd. Md. Kazim Uddin, on behalf of their respective organizations at Bank's...

Bank Asia launches MoneyGram Payment Services

Mr. Md. Arfan Ali, President & Managing Director of Bank Asia Ltd., inaugurated MoneyGram payment services, a remittance services in Bangladesh from more than 200 countries of the world. Mr. Matiur Rahman, Country Head, MoneyGram, Mr. Mohammad Borhanuddin and Mr. S.M. Iqbal Hossain, Deputy Managing Directors along with other high...

20th AGM of ICB Securities Trading Company

The 20th Annual General Meeting (AGM) of ICB Securities Trading Company Limited (ISTCL) was held recently at Kakrail, Dhaka. The meeting was presided by Mr. Md. Zakir Hossain, Chairman of the Board of ISTCL and Deputy Managing Director of holding company ICB.

DSE/CSE News in Brief (21-10-2020)

Recommendation of dividendBangladesh Lamps Limited: The board of directors has recommended 10 per cent cash dividend for the year ended on June 30, 2020. The AGM of the company will be held on December 15, 2020 at 11:30 AM on a digital platform. The record date is November 12, 2020....

Mamoon Mahmood Shah, Managing Director & CEO (CC) of NRB Bank

Mamoon Mahmood Shah, Managing Director & CEO (CC) of NRB Bank Limited and Mr. Ahmad Raquib, General Manager of Sara Resort, a sister concern of Fortis Group Limited exchanged documents after signing an agreement at the bank's Corporate Head Office, Dhaka on Tuesday on behalf of respective organizations.

Death claim insurance settlement under SBAC Bank

South Bangla Agriculture and Commerce Bank Limited (SBAC) Birganj Branch handed over a cheque for Tk 500,000 to Shabiha Islam Subarna, nominee of deceased Sadakul Islam as death claim insurance settlement under SBAC Bank Surokkha Millionaire Scheme recently.

Correction (2020-10-21)

A news item published in the FE on Tuesday titled 'Cut-off price of Lub-rref share set at Tk 45 each' was factually incorrect.Actually, the cut-off price will be Tk 30 each.We regret the inadvertent mistake.