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
Rate last updated: 02/01/2014 11:15:04 AM
The Bangladesh Bank has declared a reference lending rate of 7.13% for July, projecting an increase in interest rates for all types of bank loans. Based on the reference rate, the lending rate for banks will rise to 10.13% with the addition of a 1% supervision fee, meaning the rate will be 11.13% for personal and car loans, both of which fall under CMSME (Credit to Micro, Small, and Medium Enterprises) and consumer loans. Reference interest rates, sometimes called benchmark interest rates, are interest rates that are used as the basis for financial contracts. Banks can apply a margin of up to 3%, while NBFIs can apply a margin of up to 5% over the SMART rate. The central bank determined the reference rate by calculating the average of treasury bills from December 2022 to May 2023. Furthermore, the lending rate for agricultural and rural loans will increase to 9.13%, up from the existing 8% for farm loans and 9% for other types of rural loans. However, the lending rate of 20% for credit cards will remain unchanged.
Source: https://www.tbsnews.net/economy/banking/cenbank-declares-713-reference-rate-fix-lending-rate-652666
The Bangladesh Bank has decided to launch a taka-rupee based debit card in the country from September, aiming to save dollars. This card will allow users to make various payments, including domestic purchases, using Taka, as well as enable them to spend in Indian rupees when traveling to India. Bangladesh Bank Governor Abdur Rouf Talukder made this announcement while presenting the new monetary policy for the first half of FY23-24 on Sunday (18 June). The introduction of this card is expected to eliminate the need for double currency exchanges, thereby saving the 6% expenditure loss incurred in converting taka to dollars and then dollars to rupees, the governor added. Bangladesh holds the distinction of being among the countries with the highest number of tourists visiting India, with over 21.56 lakh Bangladeshis visiting in 2017 on tourist visas.
Source: https://www.tbsnews.net/economy/banking/bb-launch-taka-rupee-based-debit-card-september-652054
Ahsanul Alam has been unanimously elected the chairman of Islami Bank Bangladesh Limited at the 324th meeting of the Board of Directors of the bank on Monday, says a press release. Prior to this, he was the chairman of the Board of Directors of Union Bank Limited. He completed his bachelor’s degree from the University of Bradford and master’s in Business Administration (MBA) from Edinburgh Napier University, UK. He is the chairman of Hasan Abasan (Pvt.) Limited and Managing Director of Artsy Holdings Limited, Shining Assets Limited, Affinity Assets Limited, Wesco Limited, Marina Assets Limited and Kraft Holding Company Limited.
Source: https://today.thefinancialexpress.com.bd/trade-market/ibbl-gets-new-chairman-1687195704
| Index Name | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| DJIA | $ 34,299.12 | ↓ 108.94 | ↓ 0.32 % |
| FTSE100 | $ 7,588.48 | ↓ 54.24 | ↓ 0.71 % |
| Nikkei 225 | $ 33,265.30 | ↓ 105.12 | ↓ 0.31 % |
| Commodity | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| Crude Oil (WTI) | $ 70.88 | ↓ 0.90 | ↓ 1.25 % |
| Crude Oil (Brent) | $ 75.93 | ↓ 0.16 | ↓ 0.21 % |
| Gold Spot | $ 1,950.27 | ↓ 0.21 | ↓ 0.01 % |
| Exchange Rates | ||
|---|---|---|
| Currency | Lowest | Highest |
| USD 1 | BDT 108.5000 | BDT 108.5200 |
Call Center: 16474 & +8809678016474 (Overseas) Copyright © 2024 Dhaka Bank PLC. All rights reserved.
