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 June 7, 2023

Digital bank licence requires Tk125cr capital

The Bangladesh Bank has set the minimum capital requirement for a digital bank at Tk125 crore, a new banking concept in the country, when a conventional bank requires Tk500 crore to get the licence. A digital bank will be governed by the Banking Company Act, according to a guideline the Bangladesh Bank has finalised for placing in the next board meeting scheduled next week. The minimum shareholding of each sponsor will be Tk50 lakh (maximum 10% or Tk12.5 crore). A sponsor of a conventional bank needs to invest a minimum of Tk10 crore to hold a minimum 2% shareholding, according to the bank company act. The central bank is going to introduce digital banks in Bangladesh at a time when new generation banks across the globe are turning away from traditional brick-and-mortar banks in favour of digital banking. Among the South Asian countries, India and Pakistan introduced digital banks in 2022. At present, the banking sector is oversaturated with 61 conventional banks in Bangladesh.

Source: https://www.tbsnews.net/economy/banking/digital-bank-licence-requires-tk125cr-capital-645230

Fuel crunch upsets most EZ investors

A majority of the surveyed stakeholders, including investors in economic zones (EZs), have cited fuel crunch as one of the key economic challenges, according to a new study. It also identified high energy tariff, inadequate logistic infrastructure, hike in staff wages and complicated administrative procedure as major macroeconomic challenges. The findings of the survey were revealed at a workshop styled ‘Finalisation of the market assessment for the national master plan of economic zones’ hosted by the Bangladesh Economic Zones Authority (BEZA) at its headquarters in Dhaka city on Tuesday. Management consulting firms Deloitte and DDC jointly did the study on market assessment and presented the findings to seek stakeholders’ opinion at the event. BEZA executive member Mohammed Erfan Sharif, Bangabandhu Sheikh Mujib Shilpa Nagar Development project director Abdullah Al Mahmud Faruk, BEZA officials and representatives from different public and private organisations attended it. Highlighting the market assessment study, Mr Faruk said it analysed stakeholder preferences, investment trends, sector-wise investment opportunities and benefits, future investment plans, utility requirements and long-term business impact scenarios.

Source: https://today.thefinancialexpress.com.bd/first-page/beza-study-fuel-crunch-upsets-most-ez-investors-1686075915

Mr. Monzurur Rahman re-elected chairman of Pubali Bank

Eminent business person and social worker Monzurur Rahman has been re-elected as chairman of the board of directors of Pubali Bank Limited. He has been unanimously re-elected as chairman of the bank in its 1388th board meeting, said a statement. Mr Rahman is the chairman of Rema Tea Company Ltd. He has 56 years’ experience in banking, insurance and tea business. He was an independent director of Lafarge Holcim Bangladesh Ltd. He was an elected member of the executive committee of Bangladesh Association of Publicly Listed Companies (BAPLC). Mr Rahman is a graduate from Calcutta University.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/monzurur-rahman-re-elected-chairman-of-pubali-bank-1686074712

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,562.86
↑ 10.42↑ 0.03 %
FTSE100$ 7,628.10↑ 28.11↑ 0.37 %
Nikkei 225$ 32,292.99↓ 213.79↓ 0.66 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 71.45↓ 0.29↓ 0.40 %
Crude Oil (Brent)$ 75.94↓ 0.35↓ 0.46 %
Gold Spot$ 1,964.02↑ 0.50↑ 0.03 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 108.0000
BDT 108.7000

*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