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 November 22, 2020

Government alerts banks about cyberattack

The government has alerted the banks about the threat of a cyberattack, instructing them to put in place precautionary measures to prevent hackers from stealing money.

A North Korean hacker group named “Beagle Boys”, which had been involved in stealing money from the central bank’s foreign exchange reserve in 2016, may try to hack into ATM booths of banks and the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network to steal money.

Some banks have taken precautionary measures to prevent the hacking as per the instruction of the ministry. State-owned Rupali Bank has suspended the operation of ATM booths from 11:00pm to 7:00am.

In August, the Bangladesh Bank alerted banks about a possible threat of hacking in the banking transactions through ATM booths, credit cards and other modes of online banking. Almost all banks kept the ATM services and point of sales (POS) suspended from 12:00am to 7:00am.

Hackers stole $101 million from the Bangladesh Bank’s account with the Federal Reserve Bank of New York in February 2016. Of the sum, $81 million ended up in the Philippines and $20 million in Sri Lanka.


Banks’ excess liquidity doubles.

Banks have faced excess funds in the recent period in the wake of a slower trend of investment against the large volume of money injection by the central bank into the financial sector .

The implementation of the stimulus packages initiated by both the central bank and the government and an upward trend of remittances are mainly responsible for the excess liquidity in the banking sector, experts said.
The Bangladesh Bank (BB) has already injected around Tk 55,000 crore in the financial sector as part of its effort to implement the stimulus packages.

The upward trend of remittances has also forced the central bank to purchase $5.08 billion from banks in order to keep the exchange rate of the taka stable against the dollar, according to data from the BB. This means the central bank has supplied around Tk 43,000 crore to the market by way of purchasing the dollar given the existing rate between the taka and the dollar.
The excess liquidity in the banking sector stood at Tk 160,979 crore as of August, up from 105 per cent year-on-year. The high growth of remittances and lower credit demand have pushed up the excess liquidity in the banking sector, expert said.

Source: https://www.thedailystar.net/business/news/banks-excess-liquidity-doubles-1999021

Powerful syndicate active in smuggling thru Benapole landport

A powerful smuggling syndicate has become active around the country’s largest land port, Benapole. Various smuggling goods are being brought to Bangladesh using Indian trucks. According to local traders, several identified Bangladeshi truck drivers from Benapole go to India every day loading export goods. On their way back, Bangladeshi drivers contact the Indian truck drivers in Bangaon and Kolkata, India, to sell Indian medicines, cosmetics, drugs, clothing, saris. Various goods including food items are being hidden in the cabin of Indian trucks and brought to Benapole port. They said that these goods are being brought with i legally Imported products. Sometimes this goods are being unloaded from the port’s truck terminal and sometimes from inside the port.

Matiar Rahman, Director, India-Bangladesh Chamber of Commerce and Industries said stolen goods were found in the driver’s cabin in trucks of legally imported goods due to the smuggling syndicate. Legal products are also being seized for this.’ Why established importers will be harassed, we want its remedy . There are illegal outsiders in every shed inside the port. They have to be brought under the law,”he said.

Benapole Customs Commissioner. Azizur Rahman said that due to the smuggling syndicate, established importers are constantly being harassed. An urgent inquiry committee will be formed to look into the matter. He added that legal action would be taken against the smugglers by conducting a mobile court on behalf of the customs, he added.

Source: https://www.thefinancialexpress.com.bd/trade/powerful-syndicate-active-in-smuggling-thru-benapole-landport-1606018497

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 29,263.48
↓ 219.75↓ 0.75 %
FTSE100$ 6,351.45↑ 17.10↑ 0.27 %
Nikkei 225$ 25,527.37↓ 106.97 ↓ 0.42 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 42.42↑ 0.52↑ 1.24 %
Crude Oil (Brent)$ 44.99↑ 0.76↑ 1.72 %
Gold Spot$ 1870.99 ↑ 4.45↑ 0.24 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 112.5720
EUR 1BDT 100.5304
INR 1BDT 1.1524





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