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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash Jun 10, 2024

Bangladesh Bank allows new entities to assess credit worthiness of borrowers

The Bangladesh Bank (BB) decided to allow individuals and private-sector companies to form ‘credit bureaus’ to assess loan eligibility and verify the repayment capacity of borrowers. These credit bureaus will work to determine credit standards by analysing borrower data before sharing it with banks, which will help financial institutions make informed decisions, said the central bank guidelines on the licencing, operating and regulating of credit bureaus. In time, credit bureaus will also help to reduce default rates and average interest rates, facilitated by increased credit information which will lead to increased quality of lending. The central bank said that a licensed credit bureau would be allowed to collect relevant information for permissible purposes only on the credit history relating to the commitment of the data subject, in order to determine their overall debt exposure, repayment behaviour and other contractual obligations.

Source: https://www.thedailystar.net/business/economy/news/bb-allows-new-entities-assess-credit-worthiness-borrowers-3631171

Shareholders to face taxes on loans taken from listed companies

A new clause has been incorporated in the proposed Finance Bill, suggesting that loans taken from public limited companies by its shareholders be treated as dividends and subject to taxation. Some directors of listed companies have been taking loans from their companies as a means to avoid taxation, often without distributing dividends, according to a senior official of the National Board of Revenue. Wishing anonymity, the official said shareholders do this because loans are not taxed, but dividends are. To combat tax evasion through this method, a new proposal has been introduced in the finance bill.

Source: https://www.tbsnews.net/nbr/shareholders-face-taxes-loans-taken-listed-companies-873231

New office hour for bankers after Eid

Banks in Bangladesh will remain open from 10am to 6pm and the transaction hour will end at 4pm after the Eid holidays. The new office hours for bankers will come into effect on June 19. At present, banks remain open until 5pm from 10am where the transaction hour ends at 3.30pm. The office schedule of banks was 10am to 6pm previously, which was changed in 2022 in an effort of the government to save power and energy.

Source: https://www.thedailystar.net/business/news/new-office-hour-bankers-after-eid-3630756

Jiban Bima, UCB Sign Bancassurance Agreement

Jiban Bima Corporation (JBC), the state-owned life insurance provider, and the United Commercial Bank Plc (UCB) signed a bancassurance agreement at a city hotel recently. The agreement was signed in presence of JBC’s Managing Director (Additional Secretary) Md Muhibuzzaman and Managing Director and CEO of UCB Arif Quadri. Secretary of the Financial Institutions Division Md. Abdur Rahman Khan was present as the chief guest. General Manager-Development of JBC Mohammad Abu Kauser Jalil and UCB’s Additional Managing Director ATM Tahmiduzzaman signed the agreement.

Source: https://today.thefinancialexpress.com.bd/trade-market/jiban-bima-ucb-sign-bancassurance-agreement-1717957554

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 38,798.99
↓ 87.18↓ 0.22 %
FTSE100$ 8,245.37↓ 39.97↓ 0.48 %
Nikkei 225$ 38,911.13↑ 227.20↑ 0.59 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 75.74↑ 0.21↑ 0.28 %
Crude Oil (Brent)$ 79.85 ↑ 0.23↑ 0.29 %
Gold Spot$ 2,294.45↑ 0.67↑ 0.03 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Inter-Bank Exchange Rates
CurrencyLowestHighestCurrent WAR

*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