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Category: Economy

Centenarian Policy Sparks Banking Outcry Centenarian Policy Sparks Banking Outcry

Centenarian Policy Sparks Banking Outcry

News Desk, GLive24.comFebruary 17, 2026
A state-owned bank branch in Nagpur, Maharashtra, has come under intense scrutiny after allegations emerged that a 100-year life insurance policy was issued in the name of a 90-year-old customer. The controversy has reignited debate over mis-selling practices, consumer protection standards, and the ethical responsibilities of financial institutions in India. According to the complaint, the […]
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Germany Backs Euro Stablecoins and Digital Euro Germany Backs Euro Stablecoins and Digital Euro

Germany Backs Euro Stablecoins and Digital Euro

News Desk, GLive24.comFebruary 17, 2026
The President of Germany’s central bank, Joachim Nagel, has recently expressed strong support for euro-denominated crypto stablecoins and a retail central bank digital currency (CBDC), signalling a significant shift in European monetary policy. Unlike previous statements framing such initiatives as optional experiments, Nagel emphasised that these digital tools are essential to protecting Europe from the […]
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Al-Arafah Islami Bank and Seamax Forge Rural Partnership

Al-Arafah Islami Bank and Seamax Forge Rural Partnership

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comFebruary 17, 2026
Al-Arafah Islami Bank PLC, one of Bangladesh’s leading Shariah-compliant financial institutions, has entered into a strategic partnership with Seamax Limited, marking a significant stride towards advancing agricultural and rural development across the country. The collaboration was formalised through the signing of a Memorandum of Understanding (MoU) at the bank’s headquarters, a press release confirmed. Under […]
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Hong Kong Insurance Capital Rules Undergo Reform

Hong Kong Insurance Capital Rules Undergo Reform

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comFebruary 17, 2026
The Insurance Authority (IA) of Hong Kong has unveiled a set of proposed amendments to the capital framework for insurers, aiming to provide some companies with reduced capital requirements. According to analysis by Fitch Ratings, however, the overall impact on locally rated insurers is expected to be credit-neutral, as the agency primarily assesses capital adequacy […]
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Prime Bank Empowers Youth at GAU Seminar

Prime Bank Empowers Youth at GAU Seminar

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comFebruary 17, 2026
Prime Bank PLC recently hosted a seminar on “Youth Empowerment” at Gazipur Agricultural University (GAU), organised in collaboration with the university and the GAU Career Club. Conducted under the bank’s educational initiative, PrimeAcademia, the event aimed to strengthen the connection between academic knowledge and practical financial skills, underscoring Prime Bank’s commitment to nurturing leadership, self-reliance, […]
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Rupali Insurance Holds Annual Strategic Conference

Rupali Insurance Holds Annual Strategic Conference

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comFebruary 17, 2026
Rupali Insurance Company Limited, one of Bangladesh’s leading private-sector insurance providers, hosted its 2026 Annual Conference at the Imperial Convention Centre in Dhaka. The event brought together the company’s Board of Directors, branch managers, regional heads, and field officers to evaluate the 2025 fiscal year performance and chart strategic priorities for 2026, with a focus […]
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Uttara Bank Marks 50th Sub-Branch Milestone

Uttara Bank Marks 50th Sub-Branch Milestone

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comFebruary 17, 2026
Uttara Bank PLC has reached a significant operational landmark with the inauguration of its 50th sub-branch, underscoring the institution’s sustained commitment to financial inclusion and regional expansion. The new Shamshernagar Sub-Branch, located in Kamalganj upazila of Moulvibazar district under the Sylhet division, was formally opened on Monday at a ceremony attended by senior executives, local […]
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OECD Advises Making Residential Insurance Mandatory for Filipino Businesses OECD Advises Making Residential Insurance Mandatory for Filipino Businesses

OECD Advises Making Residential Insurance Mandatory for Filipino Businesses

News Desk, GLive24.comFebruary 17, 2026
The Philippines is being urged to reform its insurance sector by introducing mandatory home coverage for businesses and incentivising disaster-resilient construction, according to the Organisation for Economic Co-operation and Development (OECD). The Paris-based body warned that the country faces a “massive protection gap” in the wake of increasing climate-related risks, underscoring its status as one […]
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The pressure on the economy is mounting due to loan interest repayments The pressure on the economy is mounting due to loan interest repayments

The pressure on the economy is mounting due to loan interest repayments

News Desk, GLive24.comFebruary 17, 2026
Bangladesh’s economy is currently facing significant stress as it grapples with the twin challenges of controlling inflation and managing mounting debt obligations. Efforts to stabilise prices have coincided with sluggish revenue collection, a rising tide of non-performing loans, and structural weaknesses in governance—all of which have dampened economic growth and eroded the real incomes of […]
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