Janata Bank’s Tk 10,000 Crore Loan to S Alam Group Breaches Legal Cap

Appollo Ispat Complex, which once thrived with its "Rani Marka Dheutin" brand, disclosed accumulated losses of Tk 7.6 billion for FY19 to FY23 in a filing on November 21, 2024. The company has failed to hold any general meetings over the past five years, and its factory has been shut for more than three years.

Emerald Oil Industries has faced over six months of halted production due to a gas supply shortage, as revealed in a response to a Dhaka Stock Exchange query on November 21, 2024. The company, which began producing Spondon-branded rice-bran oil in 2011, had previously announced plans for a capacity expansion with a new husk boiler over a year ago.

Bangladesh Services Limited, owner of InterContinental Dhaka, has faced nine consecutive years of losses, with Tk78 crore lost in FY24 and accumulated losses reaching Tk700 crore. The company, listed since 1984, has not paid dividends since FY14.

BRAC Bank has reached a significant milestone by achieving a net deposit growth of Tk 10,000 crore within the first ten months of 2024, covering the period from January to October. Despite the challenging economic landscape, the bank's strong market presence and customer trust have driven this impressive achievement.

bKash, Bangladesh’s leading mobile financial service provider, received the "Mastercard Excellence Award" in the digital business category for the 4th consecutive year. The award, presented on November 22 during the 6th edition of the awards ceremony at Radisson Blu Dhaka Water Garden, recognized bKash’s role in advancing financial inclusion and fostering a digital economy.

Dhaka Bank PLC signed a memorandum of understanding (MoU) with Dhaka South City Corporation (DSCC) on November 22 to streamline the collection of holding tax and trade licence fees. Under the agreement, the bank will integrate with DSCC servers via API connectivity, enabling residents to pay taxes and fees at designated branches, sub-branches, and five newly established collection booths at Nagar Bhaban and zonal offices during the first phase.