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 28, 2023

Rising deposit rates bring cheers to savers

The interest rates on deposits are on the rise in keeping with lending rates as banks look to woo funds to ride out the liquidity crunch following the withdrawal of the lending rate cap and the hike in the policy rates. Although the central bank initiatives, aimed at making loans costlier to fight the elevated level of inflation, have increased the cost of borrowing, it has started to yield better returns for savers. In September, the weighted average interest rate on deposits stood at 4.52 percent, up from 4.38 percent in June, figures from the central bank showed. It was 4.09 percent in September last year. The call money market has also seen a spike in the interest rate, leading to a rise in deposit rates. The average call money rate was 8.36 percent and the interest rate for the 14-day call money rate was 10.75 percent.

Source: https://www.thedailystar.net/business/news/rising-deposit-rates-bring-cheers-savers-3480521

Summit Communications to fund women’s empowerment project

Summit Communications and Amal Foundation have signed a Memorandum of Understanding (MoU) to introduce ‘Project Poripurna’, a women’s empowerment project aimed at uplifting communities in need. According to the MoU, Summit Communications will fund the project. Through this funding, Summit Communications aspires to catalyse positive change, fostering equality, and creating opportunities that will have a lasting impact on the lives of individuals and communities. Through Project Poripurna, the Amal Foundation aims to create income-generating opportunities for underprivileged women by offering skill development training. This endeavor will not solely be advantageous for the women directly engaged but will also yield positive outcomes for the broader community.

Source: https://today.thefinancialexpress.com.bd/trade-market/summit-communications-to-fund-womens-empowerment-project-1701107986

 Mahiul Islam, Ahmed Rashid promoted to DMD of BRAC Bank

Md Mahiul Islam, head of retail banking, and Ahmed Rashid Joy, head of credit risk management, have been promoted to deputy managing director at BRAC Bank. The promotions will be effective from December 1, 2023. Mr Mahiul Islam joined BRAC Bank as head of retail banking in December 2019. He is a graduate of the Independent University Bangladesh and has over 25 years of banking experience, with more than two decades at Standard Chartered Bank in Bangladesh. Mr Ahmed Rashid Joy joined BRAC Bank as head of credit risk management (CRM) in October 2019. Joy started his banking career as a management trainee with Eastern Bank and has also worked at the IFC, Mutual Trust Bank and IDLC Finance in his 25 years of career. He completed his Masters in Bank Management (MBM) from Bangladesh Institute of Bank Management (BIBM).

Source: https://today.thefinancialexpress.com.bd/stock-corporate/mahiul-islam-ahmed-rashid-promoted-to-dmd-of-brac-bank-1701108760

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,333.47
↓ 56.68↓ 0.16 %
FTSE100$ 7,460.70↓ 27.50↓ 0.37 %
Nikkei 225$ 33,366.13↓ 81.54↓ 0.24 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 74.91 ↑ 0.05 ↑ 0.07 %
Crude Oil (Brent)$ 80.02 ↑ 0.04↑ 0.05 %
Gold Spot$ 2,015.22↑ 1.09↑ 0.05 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 110.5000
BDT 110.5000

*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