Brac Bank to form asset management subsidiary Brac Bank Limited has decided to form an asset management subsidiary named with a paid-up capital of BDT 100.0 million, said an official disclosure on Monday. The new company will be known as BRAC AMC Limited. An asset management company is a firm
Read MoreNo change in Bangladesh Bank’s key policy rates Country’s latest half-yearly monetary policy kept the key rates and programmes on the financial front unchanged as the central bank believes the existing hallmarks match the expected economic growth and combat against inflation risks. However, the monetary policy statement (MPS) rolled out
Read MoreIFC to invest up to USD 55.0 million to support Dhaka Bank International Finance Corporation (IFC), the private investment arm of the World Bank group, has agreed to invest up to USD 55.0 million to support Dhaka Bank Limited’s working capital solution, and help the bank aid foreign currency needs
Read MorebKash moves to combat abuse of its logo in eight countries Mobile money company bKash has taken steps to register its logo in eight Middle Eastern and Southeast Asian nations to prohibit the unauthorized use of its logo to remit money illegally to Bangladesh. In several countries with large numbers
Read MoreRegulator asks bullish bourses to stay cautious The regulator has asked the bourses to keep an eye on the current upward trend in the stock market against the backdrop of a bullish momentum that continued yesterday as well. DSEX, the benchmark index of Dhaka Stock Exchange, rose 38.5 points or
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