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 December 29, 2021

BB eases loan repayment for CMSMEs

The central bank has relaxed further the loan repayment policy for the cottage, micro, small and medium enterprises (CMSMEs) to help them expedite their recovery effort from the fallouts of Covid-19 pandemic. The borrowers under the stimulus package will now have to repay only 15 per cent of their outstanding loans by December 31, 2021 to remain unclassified. Earlier, this ceiling was 25 per cent. The meeting also decided that the relaxed policy will not be applicable for the other sectors – they will have to pay 25 per cent of their outstanding loans by December 31, 2021 to remain unclassified. Earlier on Sunday, the country’s apex trade body urged the central bank to extend the loan repayment relaxation period by six more months to June 30, 2022. The meeting also decided that the scheduled banks will have to keep an additional 1.50 per cent special general provisioning, instead of existing 2.0 per cent, against the loans of CMSMEs only. The banks and NBFIs have disbursed loans 100 per cent of the initial targets given by the central bank under the package for the CMSMEs. These banks are BRAC, United Commercial Bank (UCB), Agrani, Uttara, Eastern, Prime, Bank Asia, Mutual Trust, Premier, Bangladesh Krishi Bank (BKB), Rajshahi Krishi Unnayan Bank (RKUB), Modhumoti and Commercial Bank of Ceylon (CBC) PLC. The NBFIs are IDLC Finance, IPDC Finance, LankaBangla Finance and United Finance. Forty-seven scheduled banks and seven NBFIs had disbursed Tk 41.37 billion, nearly 21 per cent of total Tk 200 billion, from the package aid for survival of the CMSMEs until December 21, according to the central bank.

Source: https://today.thefinancialexpress.com.bd/first-page/bb-eases-loan-repayment-for-cmsmes-1640711504

 Bank accounts unused for 6 months to be inoperative

The Bangladesh Bank yesterday said current, savings and special notice deposit (SND) accounts would become inoperative if clients don’t carry out any transaction for six months in a row. SND account is an interest-bearing deposit where advance notice is required for withdrawal of money. The interest rate on deposits at SND account is higher than savings ones. Banks will treat their current and SND accounts as dormant six months after they become inoperative. The inoperative savings accounts will have to be considered as dormant after 18 months. The central bank issued the notice as many banks are following different policies on inoperative and dormant accounts.

Source: https://www.thedailystar.net/business/economy/banks/news/bank-accounts-unused-6-months-be-inoperative-2927821

Foreigners in Bangladesh can now send home 80% of monthly income

The central bank yesterday relaxed rules for foreign nationals residing in Bangladesh to send remittances to their home countries. Foreigners were allowed to send home 75 per cent of their monthly income, but now they will be able to remit up to 80 per cent. The rest of the money, kept in the form of savings in banks, could be repatriated when the foreigners left permanently after expiry of their job contracts. Before sending the remittances, banks will have to ensure that the amount being moved does not exceed the balance in related bank accounts of the foreigners.

Source: https://www.thedailystar.net/business/economy/banks/news/bb-relaxes-rules-foreigners-remit-money-2927196

First Security Islami Bank Ltd inaugurated two sub-branches

First Security Islami Bank Ltd inaugurated two sub-branches on Tuesday. The sub branches are – Dhaka Uddan Sub-branch at Ridisha Tower, Mohammadpur, Dhaka and Singra Bazar Sub-branch at Parajoynagar, Singra, Natore.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/first-security-islami-bank-ltd-inaugurated-two-sub-branches-on-tuesday-1640703215

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 36,398.21
↑ 95.83↑ 0.26 %
FTSE100$ 7,372.10↓ 1.24↓ 0.02 %
Nikkei 225$ 28,841.15 ↓ 228.01↓ 0.78 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 75.95↓ 0.03↓ 0.04 %
Crude Oil (Brent)$ 78.99↑ 0.05↑ 0.06 %
Gold Spot$ 1,806.79↑ 0.61↑ 0.03 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.8000
GBP 1BDT 115.3238
EUR 1BDT 97.2028





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