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 21, 2022

Revenue collection jumps 21pc in Jul-Aug

Revenue collection by the National Board of Revenue (NBR) witnessed robust growth of 21 per cent in the July-August period of the current fiscal year thanks to the devaluation of taka, high inflationary pressure and expansion of the economy.

As such, the NBR has collected Tk 40,270 crore from income tax, value added tax (VAT) and customs duty in the first two months of fiscal 2022-23, according to official documents. Revenue collection by the NBR had grown by some 14.49 per cent during the same period last year. In an extraordinary move, the government had offered holders of undisclosed income amnesty for bringing back their laundered money back to the country by paying 7 per cent tax. However, there was no response in this regard over the past two months, NBR officials say.

Source: https://www.thedailystar.net/business/economy/news/revenue-collection-jumps-21pc-jul-aug-3124241

BB asks banks, FIs to frame own policies

Bangladesh Bank (BB) has requested banks and financial institutions (FIs) to formulate their own green bond-financing policies to facilitate investment in green projects and help achieve sustainable development goals (SDGs) of the country.

The policy, however, should be approved by the competent authorities of the banks and FIs, according to a circular issued on Tuesday. Bangladesh is one of the pioneers in engaging its central bank (Bangladesh Bank) that issued regulatory policies for Green Banking, Guidelines on Environmental and Social Risk Management and Sustainable Finance Policy for the banks and FIs. The circular said the government prioritised achieving the SDGs that requires significant sustainable investment in infrastructures. Bangladesh is committed to lower greenhouse gas (GHG) emission by 5.0 per cent by 2030 while its Perspective Plan 2021-2040 and Bangladesh Delta Plan 2100 have ambitious targets of sustainable economic growth and highlighted the need for climate change mitigation and adaptation.

Source: https://thefinancialexpress.com.bd/trade/bb-asks-banks-fis-to-frame-own-policies-1663726822

Banks, NBFIs must have bad loans below 10% to issue green bonds 

Banks and non-bank financial institutions (NBFIs) will be able to issue green bonds only when their non-performing loan (NPL) is less than 10% of the total loans. However, there will be a relaxation of the rule for state-owned banks, according to the “Policy on Green Bond Financing”, announced by the central bank through a circular on Tuesday. With the proceeds of these bonds, banks and financial institutions can finance sectors like eco-industrial parks, bus rapid transit, ecotourism and insurance.

Source: https://www.tbsnews.net/economy/banking/banks-nbfis-must-have-bad-loans-bellow-10-issue-green-bonds-500150

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↓ 313.45↓ 1.01%
FTSE100$7,192.66 ↓ 44.02↓ 0.61%
Nikkei 225$27,344.19↓ 344.23↓ 1.24%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$84.45↓1.28↓1.49%
Crude Oil (Brent)$90.76 ↑0.14↑0.15%
Gold Spot$1,662.47 ↓2.42↓0.15%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 102.5600

*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