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 October 23, 2023

Nagad, Kori get go-ahead for digital bank

Bangladesh Bank yesterday issued letters of intent to Nagad Digital Bank and Kori Digital Bank, in a development that can substantially enhance people’s access to finance. Nagad is now running its MFS operation without a full-fledged licence from the central bank as it did not fulfil all licencing criteria. At one point, it wanted to run its MFS operations with an NBFI licence and it obtained the licence in May. Nagad intends to propel millions of unbanked individuals into the financial fold and play a role in achieving a “Smart Bangladesh”, he added. Other than Nagad and Kori, the BB also decided to allow the three bank-led applicants to open digital banking windows. Bank Asia-led Digitall, Brac Bank-led bKash Digital Bank, and Digi10, a consortium of 10 private banks, can open digital banking windows as they already have the full-fledged banking licence.

Source: https://www.thedailystar.net/business/economy/banks/news/nagad-kori-get-go-ahead-digital-bank-3450251

BSRM takes Tk 1,900cr project to expand production capacity

BSRM, the biggest steel maker in Bangladesh, has taken a nearly Tk 1,900 crore scheme to set up its second re-rolling plant to expand its capacity and cater to increased demand for public and private construction in the country. As part of the bid, the steel industry major is setting up a melting furnace unit to increase its billet making capacity by 2.5 lakh tonnes, and a re-rolling unit to increase its capacity by 6 lakh tonnes per annum at the BSRM Industrial Estate in Mirsarai, Chattogram. After the expansion, the total steel production capacity of the Chattogram-based business house will be around 24 lakh tonnes by next year, which will be nearly one-fourth of the total steel-making capacity in the country.

Source: https://www.thedailystar.net/business/economy/news/bsrm-takes-tk-1900cr-project-expand-production-capacity-3450481

Investment expo on Nov 8-9

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) is set to host a two-day investment exposition from November 8 at Radisson Blu Dhaka Water Garden marking its 60th anniversary. There will be two plenary sessions on “Green Value Chain” and “Investment Climate: Current Landscape and Mission 2041” where industry practitioners and experts will present their insights. The expo will showcase economic resilience, competitiveness, and sectoral investment opportunities of the country in around 40 stalls.

Source: https://www.thedailystar.net/business/economy/news/investment-expo-nov-8-9-3449331

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,127.28
↓ 286.89↓ 0.86 %
FTSE100$ 7,402.14↓ 97.39↓ 1.30 %
Nikkei 225$ 31,073.70↓ 185.66↓ 0.59 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 87.13↓ 0.95 ↓ 1.08 %
Crude Oil (Brent)$ 91.33 ↓ 0.83↓ 0.90 %
Gold Spot$ 1,973.46↓ 7.94↓ 0.40 %

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