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 August 11, 2022

BB allows banks to make drawing arrangements without prior permission

Banks will be allowed to make drawing arrangements with exchange houses abroad without prior permission from the Bangladesh Bank. In this context, banks shall make post facto reports to the Bangladesh Bank with detailed information on the arrangements, said a circular by the Foreign Exchange Policy Department of Bangladesh Bank issued a circular on Wednesday (10 August). In this case, banks need to be satisfied on the basis of licenses issued by competent authorities favoring relevant exchange houses, and conducting extended due diligence. Earlier, the Bangladesh Bank accords banks, on applications, to make drawing arrangements with exchange houses abroad as per policy guidelines of 2007. The new regulations can help banks to go for drawing arrangements without letters from the embassy or high commission and approval from the central bank.

Source: https://www.tbsnews.net/economy/banking/bb-allows-banks-make-drawing-arrangements-without-prior-permission-474726

Banks can give up to Tk5cr term loan from CMSME refinance scheme

Banks can now give medium enterprises up to Tk5 crore and Tk2 crore term loans in manufacturing and services sectors respectively from a Tk25,000 crore refinance scheme set up by the central bank. Apart from this, cottage and micro-entrepreneurs will avail of a maximum loan of Tk1 crore in the service sector. At the same time, small entrepreneurs will enjoy the loan facility to the tune of up to Tk3 crore in the manufacturing sector. In a circular on Wednesday, the Bangladesh Bank provided the Cottage, Micro, Small and Medium Enterprises (CMSMEs) with the term loan facility from the refinance scheme it had announced on 19 July for the sector. According to a circular of the central bank’s SME and Special Programmes Department, the three-year fund can be extended if necessary. Under the scheme, banks and financial institutions can charge a maximum of 7% interest from borrowers.

Source: https://www.tbsnews.net/economy/banking/banks-can-give-tk5cr-term-loan-cmsme-refinance-scheme-474994

Mahtabur Rahman re-elected as NRB Bank chairman

Mohammed Mahtabur Rahman (Nasir) CIP has been re-elected as the chairman of the Board of Directors of NRB Bank Limited at its 142nd meeting held recently. Mr. Rahman, a seasoned businessman, hails from Sylhet. Born in 1958, he completed his education there itself and pursued with passion his traditional family-owned business, which was established in the holy city of Makkah, Kingdom of Saudi Arabia, in 1970. He is currently the Chairman & Managing Director of Al Haramain Perfumes Gr-oup of Companies.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/mahtabur-rahman-re-elected-as-nrb-bank-chairman-1660152200

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,309.51
↑ 535.10↑ 1.63 %
FTSE100$ 7,507.11↑ 18.96↑ 0.25 %
Nikkei 225$ 27,819.33↓ 180.63↓ 0.65 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 91.81 ↓ 0.12↓ 0.13 %
Crude Oil (Brent)$ 97.30↓ 0.10↓ 0.10 %
Gold Spot$ 1,787.04↓ 5.34↓ 0.30 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 94.8000
GBP 1BDT 114.7980
EUR 1BDT 97.0425

*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