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 24, 2020

Rate cut lowers Q2 fixed deposits

The volume of fixed deposits with the banking system fell by 2.41 per cent in the second quarter ending in June compared to January-March, dwindled by lower interest rate. The amount of fixed deposits decreased by Tk 139.4 billion to Tk 5.67 trillion in the three months to June compared with the preceding quarter. The volume of savings deposits, on the other hand, grew by nearly 9.0 per cent to Tk 2.7 trillion in April-June period over January-March.The current share of fixed deposit to total deposits is nearly 45 per cent while savings accounts belong to over 21 per cent.However, the share of private sector deposits was 80.99 per cent while the public sector deposits accounted for 19.01 at the end of April-June, 2020. Private sector deposits increased by 4.80 per cent at the end of the quarter under review as compared to the preceding quarter.

Source: https://today.thefinancialexpress.com.bd/first-page/rate-cut-lowers-q2-fixed-deposits-1600884009

Al-ArafahIslami Bank re-elects Chairman, Vice Chairman

AbdusSamadLabu has been re-elected as the Chairman and Mohammed Abdus Salam as the Vice Chairman of Al-ArafahIslami Bank Limited. The 351st meeting of the board of directors re-assigned them as Chairman and Vice Chairman unanimously on Wednesday.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/al-arafah-islami-bank-re-elects-chairman-vice-chairman-1600877884

Prime Bank launches ‘Neera’

Prime Bank has introduced a unique women-focused initiative ‘Neera’ with a promise to help achieve financial freedom, social progress, self-care and wellness of women of all spheres of the society.The primary objective of ‘Neera’ is to integrate all women irrespective of age, profession, income, social status, of urban or rural areas into financial system especially those who are unbanked. ‘Neera’ will emphasize in catering to the unbanked women, for example, homemakers, who are not being served in traditional banking system, also those are lagging behind in the society and also those who do not have previous history of banking relationships at all. Women will find ‘Neera’ by their side in their pursuit of standing on their foot and achieving true independence and self-esteem in life.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/prime-bank-launches-neera-1600877986

Standard Chartered holds Saadiq Virtual Expo 2020

Standard Chartered Saadiq, the global bank’s Islamic banking division, organised a two-day “Saadiq Virtual Expo 2020” recently introducing clients and stakeholders to its Shariah-compliant banking products and digital solutions.Standard Chartered Saadiq has completed 15 years of operation in Bangladesh in 2020, according to the statement. It informed of offering retail banking, Islamic cash management, working capital and financing solutions for corporate clients. It said to have “introduced a number of firsts” such as a Shariah-compliant Islamic credit card in 2007 and a Sukuk market transaction arrangement in 2019.

Source: https://www.thedailystar.net/business/news/standard-chartered-holds-saadiq-virtual-expo-2020-1966477

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 26,763.13
FTSE100$ 5,899.26↑69.80 ↑1.20%
Nikkei 225$ 23,171.71↓174.78↓0.75%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 39.40↓ 0.53↓1.33 %
Crude Oil (Brent)$ 41.35↓0.42↓1.01 %
Gold Spot$ 1,857.01↓6.33↓0.34%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 107.9928
EUR 1BDT 99.3008
INR 1BDT 1.1536





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