United Finance sees profit decrease by 13.66 pc in 2020

United Finance Limited, a non-banking financial institution, has seen their profit decreased by 13.66 per cent in 2020. But although there has...

Tk30 crore recovered from defaulters by People’s Leasing Financial Services

People’s Leasing and Financial Services (PLFS) has received only Tk 30 crore from the defaulters, a year and 9 months since the...

SAML launches ‘Shanta Fixed Income Fund’ initiative

Shanta Asset Management Limited (SAML) has taken steps to launch a new open-end mutual fund which concentrates primarily on the fixed income...

Remove the limits of dividend by NBFIs: BMBA

The central bank has been asked by the Bangladesh Merchant Bankers Association to revise its notice of the imposed bar on providing...

Drop of NBFI stocks due to ban on paying dividends

Non-bank financial institutions (NBFI) stocks dropped by almost 1.5 per cent on the 25th of February, a day after the central bank...

NBFIs required to facilitate Jute industry with block account facility

In a circular on 18th February (Thursday), the central bank said according to the notification of the Financial Institutions Division, banks as...

Street Vendors to be given loans by Lankan Alliance Finance

Non-bank financial institution (NBFI) Lankan Alliance Finance Limited will disburse loans via mobile financial services (MFS) to marginal businesses such as tea...

Credit cards becoming more popular: 23pc rise in transactions in July-December

Transactions via credit cards rose by 23.43 per cent or Tk 1,594.7 crore to Tk 8400.7 crore during the July-December period of FY2021...
IDLC Finance

IDLC Venture Capital to invest Tk4cr in Intelligent Machines

IDLC Venture Capital Fund I is set to invest Tk4 crore in Intelligent Machines Limited (IM), an AI (artificial intelligence)-first deep-tech startup...
Uttara Finance

Uttara Finance fined Tk 5 lakh

Bangladesh Bank has fined Uttara Finance and Investment Tk 5 lakh for giving false information about the loans of three customers. The...

Bangladesh Bank probe finds Tk5100cr scam of Uttara Finance & Investments Ltd

The Bangladesh Bank probe has recently found that Uttara Finance and Investment Ltd (UFIL) disbursed Tk336 crore loans to Uttara Motors and...

DBH appoints Nasimul Baten as new MD & CEO

Delta Brac Housing Finance Corporation (DBH) is said to have promoted its deputy managing director and acting managing director of recent months,...

IPDC Finance signs partnership deal with Pickaboo.com

IPDC Finance Limited has recently signed a Memorandum of Understanding (MoU) with Pickaboo,com, one of the leading e-commerce platforms in the country.

IFIL signs paetnership agreement with Southeast Bank

Islamic Finance and Investment Limited (IFIL) signed an agreement with Southeast Bank Limited in the capital on December 8 (Tuesday).

AVIVA Finance starts shariah based journey after the renaming

AVIVA Finance Limited has just started its shariah-based journey which was previously known as Reliance Finance Limited. Bangladesh Bank has recently given...

Recent Article

Bank Asia re-elects A Rouf Chowdhury as its chairman

Bank Asia has re-elected A Rouf Chowdhury as chairman of Bank Asia at the 453rd meeting of its Board of Directors.

Gazi Golam Ashria became the new chairman of Jamuna Bank

Gazi Golam Ashria has been elected as the chairman of the board of directors of Jamuna Bank Limited for a timeframe of...

Stocks continue to struggle as profit booking goes on

Stocks closed lower on May 3 (Monday) as the profit-booking tendency continues to prevail among the investors after the 3-day streak of...

After 7 years of its launch, the number of agent banking accounts reach the...

The amount of accounts in agent banking in the nation reached the 1 crore mark in January 2021, after 7 years of...

Govt plans utilizing a large amount of aid for development projects

The government plans to utilize foreign aid worth Tk 88,024 crore for development projects in the next fiscal year. The amount is...

Uttara Group managing director to be felicitated by Japan

Chairman and managing director of Uttara Group, Matiur Rahman, is set to receive an award from Japan for his contribution in promoting...

Sea levels rising induced coastal migration could affect 1.3 million Bangladeshis by 2050: study

A recent study published by the American Geophysical Union – an international scientific group apprehended that there could be a triggered wave...

Credit growth of the private sector declines again in March

The credit growth of the private sector has returned to the downward trend in March after a slight recovery in April as...