ICB risks Tk5cr fine if irregularities continue
Business Desk
ICB Securities Trading Company Ltd will be fined Tk5 crore if it fails to address irregularities in several areas by 30 September, said Bangladesh Securities and Exchange Commission on Sunday.
The brokerage firm will further be fined Tk10,000 per day, if irregularities continue past the deadline, BSEC said in a press statement.
The BSEC decision to fine ICB Securities came at its 789th commission meeting.
“The brokerage house has been committing irregularities such as providing margin loans to customers in cash accounts, not keeping proper records of customer securities, managing more than one integrated customer account in the same listed bank, managing more than one individual and joint BO account in the name of one customer,” according to the press statement.
ICB securities is a sister concern of the Investment Corporation of Bangladesh (ICB).
MBL launches 25 ‘Agent Banking’ outlets
Business Desk
Mercantile Bank Limited (MBL) launched 25 more new ‘Agent Banking’ Outlets across the country to provide basic banking services to the unbanked population of the country. Bank’s Managing Director & CEO Md. Quamrul Islam Chowdhury inaugurated the 25 ‘Agent Banking’ outlets on Thursday through virtually, said a press release.
Mati Ul Hasan, AMD & CRO, Adil Raihan, DMD & CSBO, DMDs and senior executives of the bank along with Darpan Kanti Roy, Head of Agent banking Division of the bank were present.
At present, the total numbers of ‘Agent Banking’ outlets of the MBL are 126.
SINGER
refrigerator buyers get 100pc discount
Business Desk
Country’s leading consumer electronics and home appliances company, SINGER Bangladesh Limited is offering up to 100% discount on purchase of refrigerators or freezers under a campaign titled ”SINGER Refrigerators Double Offer.”
In addition to this, the campaign is offering refrigerator buyers the opportunity to win free products like air conditioners, washing machines and microwave ovens through coupon draw every day, said a press release.
