TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK


TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

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Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash April 08, 2024

Banks to get policy support, regulatory relaxations for mergers

The banking companies merging with weak banks will enjoy regulatory relaxations from the Bangladesh Bank and policy support from the government. The central bank issued a circular on Thursday introducing guidelines for mergers, both voluntary and compulsory. Under the guidelines, one or multiple banks can merge, and non-bank financial institutions can also merge with banks. Banks can seek policy support from the government by applying to the Bangladesh Bank, according to the guidelines that come into immediate effect. Such incentives were offered because the health indicators of transferee banks may deteriorate after merging with weak banks, as stated in the guideline. Individual depositors of the transferor bank will be given the highest priority in retrieving their money from transferee banks when a new payment schedule is prepared for institutional depositors.

Source: https://www.tbsnews.net/economy/banking/banks-get-policy-support-regulatory-relaxations-mergers-824796

 Cashless transactions soar as Eid shopping goes digital

Shoppers are increasingly making purchases through using cards and mobile financial services (MFS) ahead of the Eid-ul-Fitr, with officials from different brands, fashion houses, and banks reporting that around 40%-60% of transactions are now cashless at high-end outlets. The trend is being driven by a number of factors, including the convenience and security of cashless payments, as well as the growing availability of discounts and offers from banks and MFS providers, the officials say. According to Bangladesh Bank data, in July, the first month of the current fiscal year 2023-24, transactions based on ATM, POS, CRM, and e-commerce amounted to Tk37,669 crore. But the transaction amount increased to Tk46,448 crore in January, registering a 23.30% jump over six months. On the other hand, transactions through mobile financial services amounted to Tk98,306 crore in July 2023. However, within a span of six months, the transaction amount rose by 31.67% to reach Tk1,29,445 crore. Banks are now offering discounts of up to 70-80% on various products including clothing, shoes, and jewellery during Eid shopping through credit cards. Besides, discounts are being offered even on purchase of food for iftar and sehri, along with various Eid gifts such as buy-one-get-one offers.

Source: https://www.tbsnews.net/economy/banking/cashless-transactions-soar-eid-shopping-goes-digital-824331

Gold price to break all-time record

The price of gold in Bangladesh is set to break all previous records tomorrow as jewellers in the country today decided to further increase their rates for precious metal. As such, each bhori (11.66 grams) of 22-carat gold will cost Tk 115,823, up 1.5 percent from the previous rate. Gold has been sold at Tk 114,074 per bhori since March 22 this year. In a press release issued today, the Bangladesh Jeweller’s Association said they decided to raise the rate as the price of pure gold has increased in the local market. Bangladesh saw gold prices rise above Tk 1 lakh per bhori for the first time on July 20 last year.

Source: https://www.thedailystar.net/business/news/gold-price-break-all-time-record-3583521

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 38,904.04
↑ 307.06↑ 0.80 %
FTSE100$ 7,911.16↓ 64.73 ↓ 0.81 %
Nikkei 225$ 39,239.40↑ 247.32↑ 0.63 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 85.56↓ 1.35↓ 1.55 %
Crude Oil (Brent)$ 89.71 ↓ 1.46↓ 1.60 %
Gold Spot$ 2,344.41↑ 14.66↑ 0.63 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 110.0000
BDT 110.0000

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<




Dear Valued Patrons,

At the very onset, let me express my heartiest gratitude for allowing us to serve you and I also wanted to reach out to you directly with an assurance that Dhaka Bank is fully equipped to support you during this difficult time.

Last couple of weeks ago we all were living in a peaceful condition, performing our daily tasks freely and perfectly. Entire economy and business environment was also in a good shape, until COVID-19 put a forceful stoppage to the overall life style and economy of the world. We all know that social distancing and cleanliness are the keys to prevent this pandemic. Hence, we urge your conscious effort to limiting public interaction and suspending wherever possible.

In this current situation, Dhaka Bank and its employees are beside you where we are fully online, either working from home or at our offices under a robust Business Continuity Plan (BCP) to serve you with limited branch banking and a full-fledged alternate delivery channel services.

Our state of the art Mobile App, Dhaka Bank GO (Click https://bit.ly/2WVfieu) and Internet Banking - Dhaka Bank Direct gives you the freedom of banking online anytime from anywhere. You can check the balance and transfer money to any designated Banks including any Dhaka Bank or bKash Account, make utility bill payments and mobile top-up through our Mobile App and Internet Banking Services. Our ATMs are also running efficiently with availability of sufficient cash for your convenience where you can make cash withdrawals whenever the need arises. Mentionable, the withdrawal of cash from any ATMs within Bangladesh with Dhaka Bank Debit Cards are absolutely free of charges up till April 30, 2020 (Dhaka Bank will bear the cost). Our corporate customers can also use our completely safe and secured online platform Dhaka Bank C-Solution for Payments, Inter Bank Fund Transfers, etc.

Moreover, to fulfill your urgent requirement, we have a limited no. of branches up and running by ensuring all kinds of precautionary and safety measures for you.

In case of extreme emergency and facing difficulties in conducting banking transactions, please let us know through our 24/7 Contact Center number 16474 (or, dial +8809678016474 for ISD/Overseas Calls). We are always with you to combat your difficulties.

As you know we are going through a critical phase and the situation is novel to all of us. We are getting lot of new information from various sources everyday about COVID-19 which will be shared at www.dhakabankltd.com.

Thank you for your trust and continued support to us. I firmly believe that jointly we will be able to combat this situation and win against all the odds.

Please stay home, stay safe and take care of yourself and family.

Best regards,

Emranul Huq
Managing Director & CEO
Dhaka Bank Limited