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

Banking sector witnesses Tk1.9tn in excess liquidity

The banking sector in Bangladesh, once facing a liquidity crisis, is now seeing a surplus, holding Tk 1.90 trillion (lakh crore) in excess liquidity, according to the Bangladesh Bank (BB). This shift is being attributed to a rise in depositor confidence following the recent political changes in the country, reports...

A new dawn for Democracy and Justice

August 5 marked a landmark victory for the people through an unprecedented Anti-discrimination Students' Movement. The "Quota Reform Movement," which initially aimed to reform the 2018 quota system for government jobs, ultimately attributed to the end of Prime Minister Sheikh Hasina's 15-year autocratic governance, according to the editorial of the...

Mohammad Ali appointed as Rajshahi Krishi Unnayan Bank chairman

Mohammad Ali has been appointed as the chairman of Rajshahi Krishi Unnayan Bank for a term of three years, says a recent notification issued by the Financial Institutions Division, Ministry of Finance.In 1982, he joined Chittagong University as a lecturer of the Economics Department and in 1985, he joined Rajshahi...

Trust Bank gets new DMD -

Md. Kamal Hossain Sarker has been appointed as Deputy Managing Director of Trust Bank PLC with effect from October 01, 2024, says the bank in a statement. Prior to his new assignment, he was Senior Executive Vice President and Head of CRM Division of the bank. He completed his MSS...

Bank Asia offers home finance and investment facilities at lowest profit rate

Bank Asia is currently offering home finance and investment facilities at the lowest profit rate, making it much more convenient to build a dream home or own a dream flat, says a statement. Under Bank Asia Islamic Banking services, desired home finance or investment is available at a profit/rent rate...

bKash bags 16 awards at Commward-2024

bKash, the country's largest mobile financial service provider, won a total of 16 awards for advertising and creative communications, including three gold medals, at the 'Commward 2024' organised by Bangladesh Brand Forum, says a press release. Last year, bKash won a total of seven awards including three gold medals in...

Air Astra now IATA member

Air Astra, the youngest carrier in Bangladesh, has become a member airline of the International Air Transport Association (IATA).Sakib Hasan Shovo, deputy manager (public relations) of the Astra Airways Limited, issued a press release to this effect on Wednesday.IATA's mission is to represent, lead and serve the airline industry and...

CCC for dropping cases against worker groups

The Clean Clothes Campaign (CCC) has called for dropping lawsuits against worker groups and protesters and also exhorted global fashion brands to stand up for them in Bangladesh.The global rights groups claimed in a statement on Wednesday that one year is on since a violent crackdown by state actors and...

BFTI organizes workshop on Free Trade Agreement

The Bangladesh Foreign Trade Institute (BFTI) organized a workshop titled 'Concept and Application of Free Trade Agreement (FTA)' on Tuesday at the Academic Block of the BFTI at Karwan Bazar in the capital, reports BSS.Md. Selim Uddin, Secretary, Ministry of Commerce graced the event as the chief guest while Ayesha...

RUPALI BANK OPENS ICHAIL NOTUN BAZAAR SUB-BRANCH

Rupali Bank opened its 32nd sub-branch at Ichail Notun Bazaar in Mymensingh on Tuesday. Parsuma Alam, Managing Director (acting) of the bank, inaugurated the sub-branch as the chief guest virtually. The bank's DMDs Hasan Tanvir and Md Harunur Rashid were present as special guests.

Social Islami Bank holds meeting with Hajj Agencies -

Social Islami Bank held a view-exchange meeting with the members of Hajj Agencies Association of Bangladesh (HAAB) at the bank's head office on Monday in order to facilitate all banking services for the Hajj & Umrah performers. Maksuda Begum, Vice Chairman of the bank, was present as the chief guest...

Harris, Trump push different plans for tackling housing affordability crisis

Millions of Americans can't afford to buy a home or rent a suitable apartment, making housing a central issue for voters in the upcoming presidential election, report agencies.The biggest single reason homeownership is out of reach for many is there aren't nearly enough homes for sale to balance out the...

UK regulator approves 2nd Alzheimer's drug

LONDON, Oct 23 (AP): Britain's drug regulator approved the Alzheimer's drug Kisunla on Wednesday, but the government won't be paying for it after an independent watchdog agency said the treatment isn't worth the cost to taxpayers.It is the second Alzheimer's drug to receive such a mixed reception within months. In...