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 16, 2024

Bangladesh Bank gets five merger proposals from banks

The central bank got five merger proposals from banks and now plans not to receive any more applications for the time being before the completion of the initial bids. Under the five proposals, state-run Sonali Bank wants to acquire Bangladesh Development Bank Ltd (BDBL) and Bangladesh Krishi Bank (BKB) wants to take over Rajshahi Krishi Unnayan Bank (Rakub). Private commercial City Bank wants to acquire state-run BASIC Bank while United Commercial Bank plans to buy problematic National Bank and Shariah-based Exim Bank wants to absorb scam-hit Padma Bank. These are voluntary merger proposals and the lenders will apply to the central bank formally after the plan is approved at their board meeting.

Source: https://www.thedailystar.net/business/news/bb-gets-five-merger-proposals-banks-3587611

Credit card use slightly down in February

Bangladeshi credit cardholders spent a bit less at home and abroad in February compared to the previous month, according to Bangladesh Bank. The transactions amounted to Tk 3,057 crore, dipping 4.77 percent. Those on the domestic front decreased by 4.49 percent to Tk 2,558 crore. Meanwhile the ones abroad were marked by a drop of 6.19 percent to Tk 532 crore. Overall inflation in Bangladesh stood at 9.67 percent in February, according to the Bangladesh Bureau of Statistics. Although it was down 19 basis points from that in January, the consumer price index persisted at over 9 percent since March. On the domestic front, transactions at department stores decreased to Tk 1,269 crore in February from Tk 1,320.6 crore in January. A significant portion, or around 71.55 percent, of the credit card transactions took place using VISA cards while around 17.73 percent using Mastercard.

Source: https://www.thedailystar.net/business/news/credit-card-use-slightly-down-feb-3587686

Karmasangsthan Bank gets new Managing Director

Arun Kumar Chowdhury has been appointed as Managing Director of Karmasangsthan Bank as per notification dated April 09 of the Financial Institutions Division, Ministry of Finance. Prior to his new assignment, he was serving as Deputy Managing Director of Bangladesh House Building Finance Corporation (BHBFC. Mr Chowdhury is a dynamic and innovative officer. He has a brilliant career in the financial sector. He joined BHBFC in 1996 as a senior officer. Mr Chowdhury obtained his bachelor’s and master’s degrees in statistics from Chittagong University. In recognition of his integrity, efficiency and dedication, he received the ‘Shuddhachar Award’ for financial year 2019-2020.

Source: https://today.thefinancialexpress.com.bd/trade-market/karmasangsthan-bank-gets-new-managing-director-1713198952

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 37,735.11
↓ 248.13↓ 0.65 %
FTSE100$ 7,965.53↓ 30.05 ↓ 0.38 %
Nikkei 225$ 38,499.01↓ 733.79↓ 1.87 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 86.03↑ 0.62↑ 0.73 %
Crude Oil (Brent)$ 90.73 ↑ 0.63↑ 0.70 %
Gold Spot$ 2,385.89↑ 2.55↑ 0.11 %

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