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 16, 2022

50% CMSME cluster loan has to be given in 19 clusters

Banks and financial institutions have to disburse at least 50% of their Cottage, Micro, Small and Medium Enterprises (CMSME) cluster loans to 19 “high-priority” and “priority” clusters, according to a circular issued by the SME and Special Programmes Department of the Bangladesh Bank on Sunday. The six high-priority sectors of the CMSME are agriculture/food processing and agricultural machinery manufacturing industries; ready-made garments, knitwear, design and decoration; ICT; leather and leather products industry; light engineering and jute and jute industries. The 13 priority sectors include plastics and other synthetic industries, tourism industry, home textiles, renewable energy, jewellery, toys, etc. In the case of manufacturing cottage enterprises, the maximum limit of consumer loans is Tk15 lakh. In the case of micro-enterprises, manufacturing industries will get Tk1 crore and service industries will get Tk25 lakh. Manufacturing small enterprises will get Tk20 crore and service industry Tk5 crore. Manufacturing entities in the medium enterprise will get Tk75 and service industry Tk50 crore.

Source: https://www.tbsnews.net/economy/banking/50-cmsme-cluster-loan-has-be-given-19-clusters-477194

177,681 BO accounts closed in one month

The number of active BO (beneficiary owner’s) accounts has declined 8.82 per cent in the past one month mainly because of non-payment of account maintenance fees. A total of 177,681 active BO accounts were shut down during the period from July14 to August 14, according to the data from the Central Depository Bangladesh Limited (CDBL). The number of active BO accounts stood at above 1.83 million on August 14, down from 2.01 million on July 14. Of the total BO accounts, some 1.37 million accounts belong to male investors while 440,000 million accounts are in the names of women beneficiaries, the CDBL data show. Usually, BO accounts are closed during July 1-31 every year due to non-payment of maintenance fees. In 2016, Bangladesh Securities and Exchange Commission (BSEC) reduced the renewal fee to Tk 450 from Tk 500 for each BO account with a view to reducing the financial burden on investors. Of Tk 450, Tk 200 goes to the public exchequer, Tk 100 to depository participants (DPs), Tk 100 to the CDBL and the remaining Tk 50 to the BSEC. On June 8, 2022, the securities regulator extended the investment ceiling to Tk 50,000 for general investors, and Tk 0.1 million for the NRBs.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/177681-bo-accounts-closed-in-one-month-1660585580

Pubali Bank opened sub-branch at Aftabnagar

Pubali Bank Limited has recently opened its sub-branch at Aftabnagar in Dhaka under Rampura Branch having online banking facilities to provide modern and digital banking services.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/pubali-bank-opened-sub-branch-at-aftabnagar-1660585789

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,912.44
↑ 151.39↑ 0.45 %
FTSE100$ 7,509.15↑ 8.26↑ 0.11 %
Nikkei 225$ 28,854.95↓ 16.83↓ 0.06 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 88.86 ↓ 0.55↓ 0.62 %
Crude Oil (Brent)$ 94.26 ↓ 0.84↓ 0.88 %
Gold Spot$ 1,781.10↑ 1.39↑ 0.08 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 95.0000
GBP 1BDT 115.2730
EUR 1BDT 97.4890

*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