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 February 19, 2023

Post Office Savings Bank to go online in June

The Post Office Savings Bank will not receive any manual deposits from its general account holders from next June. According to a statutory regulatory order issued by the Internal Resources Division in the past week, the bank will go for digital deposits to bring all transactions under the electronic system by June 2024. The IRD officials said that the general account holders would require digital transformation of their manually operating accounts by the next June to keep up transactions beyond June 2024. As per the order, those who will open manual accounts before June 2023 will receive benefits for the next one year only. Popular schemes such as savings certificates operated by the Post Office Savings Bank have already been brought under the electronic system to check abuses of the certificates of deposit. Besides, the Post Office Savings Bank has its own instruments under which depositors can make a certain amount of investment to receive 7.5 per cent interest. IRD officials said that both short- and long-term savings of the Post Office Bank were decreasing since mandatory requirement of the National Identity Card to operate accounts. They said that over Tk 2,000 crore deposits were withdrawn from the bank in the July-December period of 2022 by the general account holders while there was a new investment of Tk 210 crore in the savings tools during the same period.

Source: https://www.newagebd.net/article/194832/post-office-savings-bank-to-go-online-in-june

Govt boasts Tk 31.38b Jul-Oct budget surplus

Two unusual financial developments helped the government put aside a budget surplus of Tk 31.38 billion in the first four months of the current fiscal year, which economists, however, believe is transitory. According to data released from the Ministry of Finance (MoF), revenue mobilisation was Tk 1.078 trillion, compared to expenditures amounting to Tk 1.047 trillion, during the July-October period of the fiscal year 2022-2023. During the period, the total revenue collection increased by 5.6 per cent compared to the corresponding period of the previous fiscal year (FY22) and achievement as to the annual target was 24.8 per cent. The tax revenue, consisting of both NBR and non-NBR revenues, stood at Tk 958.04 billion, up by Tk 58.92 billion from the same period a year before. Non-tax revenue or NTR was recorded at Tk 117.95 billion during the period under review. The major share of government revenue comes from NBR (National Board of Revenue) sources (86.8 per cent up to October 2022), the data showed. In FY 2022, during the corresponding four months, the budget balance was negative at Tk 13.82 billion.

Source: https://thefinancialexpress.com.bd/economy/govt-boasts-tk-3138b-jul-oct-budget-surplus-1676775315

Southeast Bank gets two new DMDs

Southeast Bank recently promoted two senior executive vice-presidents to the post of deputy managing directors. Of them, Abidur Rahman Chowdhury was the senior executive vice president and head of branch at the principal branch of the bank. He started his career at the bank as a probationary officer in 1996. Chowdhury obtained his honour’s and master’s degrees in finance and banking from the University of Dhaka and an MBA in management from the same university. Meanwhile, Md Masum Uddin Khan was the head of credit risk management division and senior executive vice-president of the bank. He joined Southeast Bank in 2019. Khan started his career at Agrani Bank in 1996, and later worked for Basic Bank and City Bank. He attained his graduation degree in finance and banking and post-graduation in finance from the University of Dhaka and an MBA (major in marketing) from the same university.

Source: https://www.thedailystar.net/business/economy/banks/news/southeast-bank-gets-two-new-dmds-3250101

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,826.69
FTSE100$ 8,004.36 ↓ 8.17 ↓0.10%
Nikkei 225$ 27,513.13↓183.31↓0.66%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$76.34↓ 2.15↓ 2.74%
Crude Oil (Brent)$ 83.00↓ 2.14↓ 2.51%
Gold Spot$1,842.36↑ 6.00↑ 0.33%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 104.5100
BDT 107.0000

*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