The stock market regulator yesterday gave the go-ahead to a Union Bank proposal for raising Tk 428 crore through an initial public offering (IPO), the largest amount by any bank in Bangladesh.

E-commerce company Evaly said it owed around Tk 206 crore to merchants. 

Bangladesh Bank yesterday fined NRB Commercial Bank Tk 23.50 lakh for its aggressive investments in the capital market in breach of rules.

Krishibid Feed, a small and medium enterprise, today got nod to raise fund of Tk 22 crore from the stock market.

The stock market regulator today gave go-ahead to Union Bank to raise Tk 428 crore from the public, which will be the largest initial public offering (IPO) in the banking sector.

The liability of Evaly to its merchants stood at Tk 205.86 crore as of July 15, the beleaguered e-commerce company said in a reply to a show-cause notice issued by the commerce ministry.

The Dhaka bourse soared to a new height today when its index crossed 7,000 points.

Nagad, a mobile financial services wing of Bangladesh Post Office,  has provided to regulators and law enforcers the information of some accounts on suspicion of illegal  transactions with some e-commerce platforms.

Stocks of Tamijuddin Textile Mills have skyrocketed tenfold in a span of less than three months since it was relisted at the Dhaka bourse last June.

Padma Bank has started looking for potential foreign investors, in keeping with its earlier wish to merge with a state lender to prevent its financial health from deteriorating further.

Bangladesh’s  frozen shrimp processing industry is struggling to survive as factories  are closing down one after another due to a lack of raw materials,  competition with cheaper white-leg shrimp vannamei in the export markets  and inadequate government support, according to the Bangladesh Frozen  Foods Exporters Association (BFFEA).

Southeast Bank has recently witnessed the reelection of its chairman and vice-chairperson at its 636th board meeting. 

The National Credit and Commerce Bank has recently witnessed the appointment of a new chairman and a vice-chairman at a board of directors meeting. 

It was 2013 that brought about a massive change in the local garment industry. Rana Plaza had collapsed and with around 1,132 lives lost in the incident, the entire nation suffered a sense of collective grief.

If proper returns from the stock market can be ensured, people from all over will be encouraged to park their savings and remittance at the country’s bourses, according to Professor Shibli Rubayat Ul Islam, chairman of the Bangladesh Securities and Exchange Commission (BSEC).

All savings funds, including remittance, will come to the stock market if proper return from listed companies can be ensured, said Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Shibli Rubayat Ul Islam.

The SME Foundation will disburse 30 per cent of the Tk 200-crore incentive package to the small and medium entrepreneurs run by women to recoup the losses of Covid-induced fallout.

Nagad, the mobile financial service (MFS) wing of Bangladesh Post Office, has till date launched 599 service points, with at least one in every upazila of the country, to resolve problems faced by customers. 

IDLC Finance has launched a “digital savings scheme” through bKash accounts at its Gulshan corporate head office recently.

US factory activity continued to expand in August but manufacturers struggled with ongoing supply chain snarls while employment contracted again, according to an industry survey released Wednesday.