HSBC Business Case Competition begins
The Hongkong Shanghai Banking Corporation (HSBC) Limited announced the launch of the first edition of ‘HSBC Business Case Competition’ in Bangladesh on Wednesday.
The announcement was made at a press conference organised at the Ruposhi Bangla Hotel in Dhaka.
Andrew Tike, Chief Executive Officer (CEO) of HSBC Bangladesh addressed the press conference while Abdullah Al Jubayer, Manager, Corporate Responsibility and Talukder Noman Anwar, Country Head for Communications spoke on the occasion.
Students from Hong Kong, Australia, India, Indonesia, Japan, Korea, Macau, Mainland China, Malaysia, New Zealand, Philippines, Singapore, Taiwan and Thailand will take part in the HSBC Business Case Competition.
Hamid made DMD of IFIC Bank
SM Abdul Hamid, senior executive vice-president of IFIC Bank has been promoted to Deputy Managing Director (DMD) of the bank recently.
Prior to the new position, he was senior executive vice-president and chief financial officer (CFO) of IFIC Bank. He joined the bank in 1983, said a press release Tuesday.
Hamid is a fellow member of the Institute of Chartered Accountants of Bangladesh (ICAB) and an associate of Institute of Bankers of Bangladesh.
BB relaxes rule of classification for Tk 50,000 micro-credit
The Bangladesh Bank (BB) Tuesday relaxed the rules of loan classification for the micro borrowers.
According to a latest circular issued Tuesday, the micro borrowers will get twelve months for repayment of loans for maximum Tk 50,000 with immediate effect.
The circular refers to the master circular of the central bank on rules of classification and provisioning dated September 23 last year.
IFIC Bank gets new DMD
SM Abdul Hamid has recently been promoted to the rank of deputy managing director of IFIC Bank.
Prior to the position,
he served as senior executive vice-president, chief financial officer and CAMLCO of the bank. He joined IFIC Bank in 1983, said a news release.
Hamid holds an MBA degree majoring in finance and banking.
BB to raise stock dealers’margin loan to Tk 200m
The Bangladesh Bank has assured the Stock Market Coordination Committee (SMCC) to consider its demand for converting margin loan into equities and to enhance loan for stock dealers up to Tk 200 million.
The assurance came from a meeting between the members of the SMCC with Bangladesh Bank Governor Dr Atiur Rahman at the BB in Dhaka Monday.
A team led by Kazi Akram Uddin Ahmed, convener of SMCC met the BB governor.
“We will review the possibility of converting margin loans to equities and raining stock broker’s loan to Tk 200 million from the existing Tk 10 million and then take the final decision,” SK Sur Chowdhury, Deputy Governor of the central bank said after the meeting.
He also said the BB is working for the development of stock market and it would continue.
“We discussed the ways how to increase banks’ investment in the stocks and the central bank assured us to consider the matter,” said Kazi Akram Uddin Ahmed,
convener of SMCC and also President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
“We discussed various issues relating stock market with the Bangladesh Bank governor for finding positive ways for bringing stability on stock market,”
DSE’s Senior Vice-President Ahmed Rashid Lali told daily sun. The central bank gave importance on the demands we made and also assured us to do the needful for the betterment of stock markets, he added.
DSE President Rakibur Rahman, President of the Bangladesh Association of Banks (BAB) Md Nazrul Islam Mazumder, Chairman of the Association of Bankers
Bangladesh Mohammed Nurul Amin, Managing Director of the Investment Corporation of Bangladesh (ICB) Mohammad Fayekuzzaman,
Breg Gen (Retd) Wakaruzzaman, DSE’s nominated director, MA Hafiz, President of Bangladesh Merchant Bankers Association and DSE’s acting CEO Shuvra Kanti were present.
News:Daily Sun Bangladesh/5-Mer-2013