Forex reserves hit record USD 28.27 billion The country’s foreign exchange reserves hit record USD 28.27 billion at the end of March because of a lack of demand for greenbacks from businesses amid uncertainty. Bangladesh Bank data showed that the foreign exchange reserves stood at USD 28.27 billion on March
Read MoreUCB gets new policy-makers Chairman of Masco and Maxim Group. M A Sabur was unanimously elected as Chairman of United Commercial Bank Limited in an emergency board meeting held Thursday at the corporate head office of UCB while Mr. Anisuzzaman Chowdhury was elected as Vice-Chairman. He is also the Director
Read MoreNBFI allowed to invest 50.0% of capital in special purpose funds Non-bank financial institutions will be allowed to invest up to 50% of their paid-up capital in non-listed special purpose funds like alternative investment fund, said a Bangladesh Bank circular issued on Wednesday The aggregate investment of any NBFI in
Read MoreAl-Arafah bank sells 10.0% stakes The Islamic Corporation for the Development of the Private Sector or ICD, the private sector financing arm of the Islamic Development Bank, yesterday announced investment of about BDT 1.55 billion to acquire 10.0% stakes in Bangladesh’s Al-Arafah Islami Bank. Al-Arafah Islami Bank will issue around
Read MoreTop brokers to sit with DSE, BSEC today Dhaka Stock Exchange (DSE) will sit today (Tuesday) with top 30 brokers to discuss the ongoing situation of the capital market, officials said. The meeting has been scheduled following the arranged sluggish trend of the country’s capital market. The benchmark index of
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