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 January 26, 2022

Govt e-transfer to individuals nearly triples

A new Bangladesh Bank platform has helped the government settle almost 100 per cent of its payments made to individuals electronically, giving a boost to the country’s financial inclusion efforts. The digital transfer of funds to individuals includes salaries paid to public sector employees, cash support to the poor and marginalised, and stipends to students. The payment through the platform — Government eTransaction Processing Hub (GeTPH) — escalated 159 per cent year-on-year to Tk 92,139 crore last year, according to data from the central bank. The system settles transactions made through the Bangladesh Electronic Fund Transfer Network (BEFTN), enabling beneficiaries to receive funds within a day. BEFTN facilitates the transfer of payments through banks electronically, making it a faster and more efficient means of inter-bank clearing over the paper-based system.

Every beneficiary now has to open accounts with either banks or mobile financial service (MFS) providers. The list of the accounts is preserved with the central bank’s platform. It has also cut the time needed to make the payments. Previously, the manual system took three to six months to settle the monthly payments in favour of the beneficiaries. The central bank started to transfer salaries to government employees in 2015 on a limited scale through the BEFTN, replacing the manual system that took three to five days.

Both the government and banks earlier had to deploy many employees to process transactions. The number has gone down significantly thanks to the digital system. “The digitalization of the government payment has had a great impact on the financial inclusion,” said Atiur Rahman, a former governor of the central bank.

Source: https://www.thedailystar.net/business/economy/banks/news/govt-e-transfer-individuals-nearly-triples-2947521

Nano Loans under 4 minutes – Bringing smiles to thousands!

As a part of Prime Bank’s long-term strategy, PrimeAgrim is a step towards ensuring financial inclusion for the unbanked population.

Sumaiya Akhter is an RMG worker. She has been working with Ananta Companies Ltd. for two years.  Sumaiya supports a family of three. She earns enough to support herself, her younger brother and her grandmother who reside in the village. However, every now and then emergency needs appear and Sumaiya finds it difficult to manage all her expenses.Sumaiya recently got to learn about PrimeAgrim from her work. PrimeAgrim is an AI-based instant digital nano loan platform that allows her to take instant loans. So when she was faced with the challenge of accumulating funds to pay for her younger brother’s school tuition fees, uniform and stationery expenses, she turned to PrimeAgrim for help. Sumaiya applied for a nano loan on PrimeAgrim app and got the desired amount to her Prime Bank account in an instant. With the help of PrimeAgrim she was able to pay for her younger brother’s educational expenses. Sumaiya can now easily pay off the loan upon getting the salary and keep track of her interest expenses.

PrimeAgrim is already attracting global attention. For this innovative initiative, Prime Bank has received the Bronze under Analytics & Artificial Intelligence (AI) category at the prestigious Efma-Accenture Banking Innovation Awards-2021. PrimeAgrim started piloting on 8 November, 2021 in the RMG sector with Ananta Companies Ltd. Since pilot, PrimeAgrim has disbursed more than 1,000 loans to garment workers. Prime Bank plans to expand the services to workers of other sectors and ensure financial inclusion of mass people.

Source: https://www.tbsnews.net/economy/banking/nano-loans-under-4-minutes-bringing-smiles-thousands-362116

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,297.73
↓ 66.77↓ 0.19 %
FTSE100$ 7,371.46↑ 74.31↑ 1.02 %
Nikkei 225$ 27,116.58↓ 14.76↓ 0.05 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 85.18 ↓ 0.42↓ 0.49 %
Crude Oil (Brent)$ 87.93↓ 0.27↓ 0.31 %
Gold Spot$ 1,847.19↓ 0.83↓ 0.04 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 116.0054
EUR 1BDT 97.4122





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