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 September 20, 2022

Ease for banks as exchange rate drops

The interbank exchange rate of the US dollar and average dollar buying rates by banks started to decline just a week after the public and private banks took up some special measures in coordination with the central bank. According to the central bank, banks traded dollars among themselves at a maximum Tk105.50 on Sunday. The price was at Tk106.75 just the previous day. Bankers said the crisis in the dollar market had eased up slightly, but they wanted to observe for a few more months to say anything concrete. On 12 September, banks started charging Tk99 for export proceeds while paying Tk108 for remittances. Besides, they adopted the weighted average of for the past five days to determine the dollar rate instead of imposing day-to-day buying and selling rates.

Source: https://www.tbsnews.net/economy/banking/ease-banks-exchange-rate-drops-499438

Bangladesh received over $1b remittance till Sep 15

Bangladesh received inward remittance worth over $1.0 billion US dollars in the first 15 days of September, amid the forex crisis in the country. Bankers said remittance inflow shows an upward trend as the remitters are encouraged by the depreciation of the taka and they get more than Tk 108 per dollar. The remittance inflow is expected to cross $2.0 billion in September. Bangladesh received remittances of $2.09 billion in July and $2.03 billion in August, which became a blessing amidst the forex crisis, reports UNB. Md Serajul Islam, executive director and spokesperson of Bangladesh Bank, said that the central bank has simplified various processes to attract more remittances through banking channels. The government is also extending remittance incentives as well as providing policy support. Now the dollar rate is getting higher, he said.

Source: https://thefinancialexpress.com.bd/economy/bangladesh-received-over-1b-remittance-till-sep-15-1663585250

NBR relaxes tax return submission for bank loans

The National Board of Revenue (NBR) has relaxed the condition of showing tax return documents for bank loans up to Tk 2.0 million. It issued a notification in this regard on Sunday with immediate effect, which will remain in force June 30, 2023, reports UNB. The budget for the fiscal year 2022-23 made tax return document submission mandatory to get services of 38 categories. Of them, return documents were made mandatory for availing bank loans of more than Tk 0.50 million. As per the revised directive, the NBR has relaxed the condition upon requests from business organisations and small entrepreneurs. Bangladesh Bank has increased the ceiling of loan disbursement to the cottage, micro, small and medium entrepreneurs (CMSMEs). But loan distribution at the rural level became slow due to mandatory return documents submission for loans.

Source: https://thefinancialexpress.com.bd/economy/nbr-relaxes-tax-return-submission-for-bank-loans-1663496143

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑ 197.26↑ 0.64%
FTSE100$7,236.68 ↓ 45.39↓ 0.62%
Nikkei 225$27,684.35↑ 116.70↑ 0.42%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$85.90↑0.17↑0.20%
Crude Oil (Brent)$92.18 ↑0.18↑0.20%
Gold Spot$1,676.08 ↑0.24↑0.01%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 108.0000

*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