BSEC suspends Sinha Securities’ operations

Islami Bank Bangladesh received approval from the Bangladesh Securities and Exchange Commission (BSEC) to issue its fifth Mudaraba redeemable non-convertible subordinated bond, valued at Tk 500 crore. This follows a September 19, 2024 announcement revising the bond issuance amount.

HSBC Bangladesh and DBL Lifestyles Ltd have partnered to enhance digital payment services through HSBC’s Omni Collect solution. The collaboration enables seamless cashless payments for DBL customers by scanning QR codes at checkout.

Prime Bank PLC has partnered with Footstep Bangladesh to enhance access to clean water and renewable energy under its corporate social responsibility (CSR) initiatives. The agreement includes installing water filtration systems in eight public schools in Chattogram and solar panels in 100 fishermen’s households in Cox's Bazar.

Dhaka Bank has received approval from the Bangladesh Securities and Exchange Commission (BSEC) to issue its fourth subordinated bond worth Tk 400 crore. The unsecured, non-convertible, floating-rate bond will be fully redeemable and offered through private placement, with a minimum subscription price of Tk 10 lakh.

The maximum interest rate on credit card loans has been raised from 20% to 25%, effective January 1, 2024, as per a Bangladesh Bank (BB) notice. The increase reflects the rise in the policy interest rate, now at 10%, and higher fund mobilisation costs for banks.