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 22, 2021

Savings tools interests cut to divert investment to industries

The government on Tuesday cut interest rates on all types of savings tools – after around six years – with an aim to divert large investments to industries and the capital market. Under the new rates, for savings instruments amounting to over Tk15 lakh with a five-year tenure, investors will get as much as 10.75% in profit – down by 1 percentage point. An investment over Tk30 lakh will yield the highest, 9.75% – 2 percentage points lower than the existing rate. In 2015, the highest interest rate on savings certificates was slashed by 2 percentage points to 11.76% from 13%.An objective of savings certificates is to help elderly people, women, and the physically challenged and differently-abled with interest returns against their small savings. But a large number of well-off people are buying such certificates, depriving the target people of the benefits.The interest rate for three-year savings certificates has been reduced to 10% for investments of more than Tk15 lakh, while those who will invest more than Tk30 lakh will get a 9% interest at the end of the tenure. Retirees who will invest more than Tk15 lakh in the five-year term pensioner savings certificate will get a 10.75% profit at the end of the term and if the investment is more than Tk30 lakh, this rate will be 9.75%, according to the new rates. The interest rate on the investment of more than Tk15 lakh in five-year family savings certificates has been slashed to 10.50%, while the rate is 9.50% for investments amounting to above Tk30 lakh.Currently, the rate of interest on three-year savings certificates is 11.04%, 11.28% on five-year savings certificates, 11.76% on five-year pensioner savings certificates and 11.52% on five-year family savings certificates at the end of term.For the current fiscal year, the government set a target to borrow Tk32,000 crore through sales of savings certificates in contrast to Tk20,000 crore.

Source: https://www.tbsnews.net/economy/savings-tools-interests-cut-divert-investment-industries-305758

 Sonali Bank Limited ranks first in APA

Sonali Bank Limited, the largest state-owned commercial bank, has secured the first position among all government banks in implementing the Annual Performance Agreement (APA) 2020-21, says a statement. The Financial Institutions Division of Finance Ministry congratulated the Sonali Bank authority for their achievement in implementing the indicators mentioned in the agreement. The Financial Institutions Division had signed the Annual Performance Agreement (APA) 2020-21 with 17 banks, insurance companies and others financial organisations to ensure improved services to the people. Sonali Bank Limited scored 93.6, out of 100, to become the No. 1 in the state-owned bank category.When the whole world suffered an economic setback due to Covid-19, economy was revived by implementing the Covid-19 stimulus packages. The bank had become more successful in providing required digital banking services, which helped keep the banking services smooth during the pandemic.

Source: https://today.thefinancialexpress.com.bd/trade-market/sonali-bank-limited-ranks-first-in-apa-1632242950

First Security Islami Bank opened eight sub-branches

First Security Islami Bank Limited opened eight sub-branches on Tuesday with a view to providing Shariah-based banking services. The sub-branches are located at Tarabo Bazar, Rupganj, Narayanganj; Ichapur, Hathazari, Chattogram; Kagotia Bazar, Raozan, Chattogram; SadarUpazilla Bazar, Cox’s Bazar; Munshi Bazar, Rajnagar, Moulvibazar; Robir Bazar, Kulaura, Moulvibazar; Surjanagar Bazar, Shibchar, Madaripur; and Boro Bazar, Khulna Sadar, Khulna. Syed WasequeMd Ali, managing director of the bank, along with other officials inaugurated the sub-branches through video conferencing.

Source: https://today.thefinancialexpress.com.bd/trade-market/first-security-islami-bank-opened-eight-sub-branches-1632242915

Moderate rise in benchmark index

Dhaka bourse closed the Tuesday’s session with a moderate rise in broad index as majority number of listed securities saw price appreciation riding on investors’ increased participation. On the day, most of the major sectors played market supportive role to help the index extending gaining streak for second consecutive session. Dhaka Stock Exchange (DSE) opened the day’s session positively and DSE broad index DSEX displayed almost a flat movement for an hour. Later, the DSEX showed an upward trend for around two hours following investors’ buying spree. At the end of the session, the DSEX settled at 7258.57 with a rise of 0.73 per cent or 52.74 points.Of major sectors which saw price appreciation, engineering advanced 1.9 per cent, financial institutions 0.3 per cent, general insurance 0.8 per cent, pharmaceuticals & chemicals 1.0 per cent, telecommunication 0.9 per cent, and textile 1.8 per cent. Of the sectors which witnessed price correction, IT declined 0.2 per cent, paper & printing 1.0 per cent and tannery 0.2 per cent.Of the large cap companies which witnessed price appreciation, the share price of Grameenphone advanced 0.87 per cent, British American Tobacco Bangladesh Company 0.82 per cent, Walton Hi-Tech Industries 2.85 per cent, Robi Axiata 0.71 per cent, Square Pharmaceuticals 0.79 per cent and Beximco 0.37 per cent.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/moderate-rise-in-benchmark-index-1632237088

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,919.84
FTSE100$ 6,980.98↑77.07↑1.12%
Nikkei 225$ 29,665.42↓174.29↓0.58%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 71.31↑0.82↑1.16%
Crude Oil (Brent)$ 75.16↑0.80↑1.08%
Gold Spot$ 1,777.62↑3.11↑0.18%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.2750
GBP 1BDT 116.5283
EUR 1BDT 100.0484





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