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Category: Business

State-Owned Rupali Bank PLC Reports Deficit of Tk396 Crore

State-Owned Rupali Bank PLC Reports Deficit of Tk396 Crore

GLive24.com DeskMay 19, 2026
Rupali Bank PLC has entered a period of heightened financial instability, recording a consolidated net loss of Tk396 crore for the first quarter of 2026. Official corporate disclosures indicate that the worsening performance is a direct result of accelerating non-performing loans (NPLs), unmitigated asset provisioning shortfalls, negative retained earnings, and a severe breach of minimum […]
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Eastern Bank Women Customers Gain Tahoor Privileges

Eastern Bank Women Customers Gain Tahoor Privileges

GLive24.com DeskMay 19, 2026
Eastern Bank PLC (EBL) has formalised a commercial partnership with Tahoor Studio, a prominent lifestyle brand in Bangladesh. Under the provisions of this newly executed agreement, female retail banking customers enrolled with EBL will receive exclusive consumer benefits, discounts, and promotional privileges on merchandise purchased from the lifestyle retailer. Executive Signatories and Corporate Framework The […]
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Legacy Systems Impede Returns on Insurance AI Spending

Legacy Systems Impede Returns on Insurance AI Spending

GLive24.com DeskMay 18, 2026
Insurance providers globally are escalating their capital expenditure on artificial intelligence (AI) to optimise underwriting and mitigate claims expenditures. However, a significant proportion of these firms continue to experience difficulties in securing clear financial returns. According to data from sector analysts, this deficit in profitability is directly attributable to outdated legacy systems and poorly integrated […]
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Premier Bank Clarifies Position on Narayanganj Branch LCs

Premier Bank Clarifies Position on Narayanganj Branch LCs

GLive24.com DeskMay 18, 2026
Premier Bank PLC has issued a formal clarification regarding recent media coverage concerning Letter of Credit (LC) transactions at its Narayanganj branch. The financial institution stated that the allegations in question are isolated to historical transactions executed between 2017 and 2023, a period administered by the bank’s previous chairman and Board of Directors. Regulatory Cooperation […]
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New Partnership Links Al-Arafah Islami Bank and DCIMCH

New Partnership Links Al-Arafah Islami Bank and DCIMCH

GLive24.com DeskMay 18, 2026
Al-Arafah Islami Bank PLC, a prominent Shariah-compliant financial institution in Bangladesh, has entered into a formal partnership with Dhaka Central International Medical College and Hospital (DCIMCH). The arrangement was ratified via a newly executed Memorandum of Understanding (MoU), according to an official press release issued by the bank. Overview of Benefits and Services The primary […]
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Group Insurance Accord Signed by Corporate Partners

Group Insurance Accord Signed by Corporate Partners

GLive24.com DeskMay 17, 2026
American Dairy Limited (ADL) and Protective Islami Life Insurance Limited have formally ratified a strategic group insurance agreement designed to enhance medical provisions and risk coverage for their consumer base. The corporate partnership was legally finalized during an official signing ceremony conducted recently, where senior executives from both commercial firms converged to endorse the contract. […]
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UCB One App Introduces Cardless ATM Cash Access

UCB One App Introduces Cardless ATM Cash Access

GLive24.com DeskMay 17, 2026
United Commercial Bank PLC (UCB) has updated its digital banking infrastructure to allow cardless cash withdrawals across its nationwide network of automated teller machines (ATMs). This new facility, deployed through the bank’s smartphone application, “UCB One”, removes the necessity for consumers to carry physical debit or credit cards. According to a corporate media release, this […]
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Exporters Seek Urgent Inquiry Into Premier Bank Malpractice

Exporters Seek Urgent Inquiry Into Premier Bank Malpractice

GLive24.com DeskMay 17, 2026
Twenty-six export-oriented ready-made garment manufacturers have called for a comprehensive state investigation and immediate mitigation regarding multi-billion-taka fraudulent loans allegedly opened in their names. The fraudulent credit lines were reportedly created by the Narayanganj branch of Premier Bank PLC. Speaking at a press conference organized at the Economic Reporters’ Forum on Saturday, 16 May 2026, […]
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Prime Bank and Pandamart Conclude Mother’s Day Promotion

Prime Bank and Pandamart Conclude Mother’s Day Promotion

GLive24.com DeskMay 17, 2026
Prime Bank PLC and Pandamart, a prominent online grocery delivery platform in Bangladesh, have successfully executed a collaborative promotional campaign to mark international Mother’s Day. The joint initiative was designed to stimulate e-commerce transactions while offering consumers an exclusive opportunity to celebrate their mothers. A special ceremony was convened recently to mark the conclusion of […]
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