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 May 24, 2021

Banks fast embracing cash recycling machines

Banks are aggressively installing cash recycling machines (CRMs) to provide faster deposit and cash withdrawal services to clients, a move that is helping customers cut reliance on branches and giving them more freedom to carry out banking. The CRMs are set to make cash deposit machines (CDMs) obsolete, which only allow injecting cash, and replace automated teller machines (ATMs), which permit fund withdrawal, said several bankers.A CRM accepts cash, counts the notes, authenticates them, and credits the amount to accounts on a real-time basis, helping banks do away with the manual labour needed to provide the service. The new technology is also allowing users to deposit and transfer cash in others’ accounts. In Bangladesh, banks started setting up CRMs in 2017. Until June 30 last year, the number of machines was 272, data from the Bangladesh Bank showed. Since then, more than 550 CRMS have been installed.Today, all the banks have more than 800 CRMs combined, and these machines account for more than Tk 2,300 crore transaction every month. Total transactions through CRMs grew more than nine times to Tk 2,325 crore in March from Tk 245 crore in the same month last year. Compared to February this year, transactions grew 41 per cent.Banks have to invest a sizeable amount in deploying CRMs: they have to count between Tk 13 lakh and Tk 18 lakh per CRM. It is Tk 5 lakh per ATM. The central bank plans to take the technology one step further by ensuring interoperability. A central banker said depositing money through the tool would be interoperable within the next three months as the BB has taken measures to this end.

Source: https://www.thedailystar.net/business/banking/news/banks-fast-embracing-cash-recycling-machines-2097725

Three banks post higher profits

Three private banks posted higher earnings for the January-March quarter compared to the same period a year ago with NRB Commercial Bank registering the highest growth in profits.The newly listed private bank’s earnings per share shot up 54 per cent year-on-year to Tk 0.44 from Tk 0.28 during the January-March quarter of 2020. Stocks of NRB Commercial rose 10 per cent to Tk 30.8 at the Dhaka Stock Exchange (DSE) while shares of Dutch-Bangla Bank Limited (DBBL), one of the largest banks in terms of deposits, fell even though the lender posted higher unaudited earnings for the January-March quarter.DBBL’s earnings per share posted 20 per cent growth year-on-year to stand at Tk 1.65 for the period. The lender closed at nearly two per cent lower at Tk 59 yesterday. Exim Bank fell seven per cent from the previous day’s closing value to hit Tk 11.9. The bank said its profits grew 25 per cent to Tk 0.05 per share in the January-March period this year compared to a year ago. DSEX, the benchmark index of the DSE, fell 25.47 points, or 0.4 per cent, to 5,788. The bourse’s turnover, another important indicator of the market, slumped 10 per cent to Tk 1,486 crore.

Source: https://www.thedailystar.net/business/banking/news/three-banks-post-higher-profits-2097693

Banking hours extended by half an hour

The central bank yesterday extended banking hours in line with the easing of coronavirus-linked lockdown rules, giving more time to customers to carry out financial transactions. Clients can secure banking services from 10:00 am to 2:30 pm from today to May 30 from branches, according to a notice of the Bangladesh Bank.Branches will remain open until 4:00 pm to complete their regular procedures. Until yesterday, banks allowed customers to do banking from 10:00 am to 2:00 pm. Before the pandemic, branches were open to customers from 10:00 am to 4:00 pm. The central bank took the decision after the government extended the nationwide restrictions on public movement by another week to May 30 to curb the second wave of Covid-19.

Source: https://www.thedailystar.net/business/banking/news/banking-hours-extended-half-hour-2097689

Southeast Bank Launches Islamic, conventional agent banking outlets

Southeast Bank Limited launched four agent banking outlets for the unbanked people across the country specially at the rural and semi-urban area, said a statement. Southeast Bank formally launched three Tijarah-Islamic Agent Banking outlets at South BallavpurRastarMatha, Chagalnaiya, Feni; Champak Nagar Bazar Main Road, Chagalnaiya, Feni; Goramara, Kumira, Chattogram and one Conventional agent banking outlet at Chowmuhani Bazar, Fatikchori, Chattogram. Its main objective is to uphold the trend of financial inclusion and spread banking services at every corner of the country.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/southeast-bank-launches-islamic-conventional-agent-banking-outlets-1621784925

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,207.84
↑123.69↑ 0.36%
FTSE100$ 7,018.05↓1.74↓0.02%
Nikkei 225$ 28,444.14↑126.31↑0.45%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 64.00 ↑0.42↑0.66%
Crude Oil (Brent)$ 66.87↑0.43↑0.65%
Gold Spot$ 1,884.59↑3.34↑0.18%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8010
GBP 1BDT 120.0104
EUR 1BDT 103.3131





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