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 March 13, 2023

BB working to scrap interest rate ceiling

The Bangladesh Bank has taken an initiative to scrap the 9 per cent interest rate ceiling and introduce a market-based interest rate on loans. “We are working on the development of a market-based reference rate. On top of that, we will be giving a corridor for the lending rates,” said Bangladesh Bank Governor Abdur Rouf Talukder yesterday. He came up with the remarks on the second day of the Bangladesh Business Summit at the Bangabandhu International Conference Center in the capital. The Federation of the Bangladesh Chambers of Commerce and Industry organised the three-day event in cooperation with the foreign and commerce ministries and the Bangladesh Investment Development Authority. Contacted, a BB official explained the governor’s comment, saying that the central bank might initially set a reference rate on loans based on the demand for credit from borrowers.

Source: https://www.thedailystar.net/business/economy/news/bb-working-scrap-interest-rate-ceiling-3269671

Bank deposits grow 6.14% YoY in January

Deposits in the country’s banking sector grew by 6.14% year-on-year in January compared to 5.44% in the previous month. At the same time, lending grew by 7 basis points. The year-on-year growth of loans in January was 13.89%, compared to 13.82% in December last year. According to data from the central bank, deposits in the banking sector have increased by Tk86,000 crore in one year through January, while lending has increased by Tk1.72 lakh crore. In other words, deposits have not increased at the same pace as bank loans have. A month-wise analysis showed that in January, banks lent out more money than they received in deposits, which economists say could potentially lead to a liquidity crunch if not managed carefully. According to data from the Bangladesh Bank, deposits in the country’s banking sector fell by Tk1,398 crore in January compared to the previous month.

Source: https://www.tbsnews.net/economy/banking/bank-deposits-grow-614-yoy-january-598598

ECNEC approves eight projects with Tk 121.67 billion

The Executive Committee of the National Economic Council (ECNEC) has approved a Tk 43.23 billion Resilient Infrastructure for Adaptation and Vulnerability Reduction Project (RIVER) in a bid to reduce flood risks of the sudden flood-prone communities and people living along the river banks. The approval came from a meeting of the ECNEC, with its Chairperson and Prime Minister Sheikh Hasina in the chair, held at the NEC Conference Room at Sher-e-Bangla Nagar area in Dhaka on Sunday. Briefing reporters after the meeting, State Minister for Planning Dr Shamsul Alam informed that the day’s meeting approved a total of eight projects with an overall estimated cost of Tk 121.67 billion, reports BSS. “Of the total project cost, Tk 30.97 billion will come from the Government of Bangladesh (GoB) portion, Tk 1.56 billion from the concerned organisation’s own fund while the lion share of Tk 89.12 billion from project assistance,” he added.

Source: https://thefinancialexpress.com.bd/economy/bangladesh/ecnec-approves-eight-projects-with-tk-12167-billion

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
FTSE100$7,748.35 ↓131.63 ↓1.67%
Nikkei 225$27,744.14↓399.83↓1.42%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$76.88↑0.20↑0.26%
Crude Oil (Brent)$82.97↑0.19↑0.23%
Gold Spot$1,883.21↑14.95↑0.80%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 106.5000
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