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Dhaka Bank signs MoUs with PRAN RFL Group

June 24, 2018 00:00:00


MD & CEO of Dhaka Bank Limited Syed Mahbubur Rahman and Chairman & Chief Executive of PRAN-RFL Group Ahsan Khan Chowdhury exchanging documents after signing MoUs of payroll banking and cash management services at PRAN-RFL Centre in the city recently

Dhaka Bank Limited recently signed two MoUs with PRAN RFL Group for payroll banking services of Rangpur Metal Industries Limited and cash management services of the group at PRAN RFL Group Head Office recently, according to a statement.

Under the payroll banking MoU, Dhaka Bank will provide payroll banking services to the employees of Rangpur Metal Industries Ltd. situated at Murapara, Narayanganj and for facilitating this service, an ATM will be established at the factory premises.

On behalf of Dhaka Bank, cash management agreement was signed by Md. Ziaur Rahman, SEVP & Head of Corporate Banking, and the payroll MoU was signed by Md. Shafquat Hossain, SEVP & Head of Retail Banking, while Ms. Uzma Chowdhury, Director, signed both the documents on behalf of PRAN-RFL Group.

Under the cash management MoU, the bank will provide cash management solution, known as 'Dhaka Bank C-Solution', to PRAN RFL Group.

Dhaka Bank C-Solution is an automated solution to meet the daily bulk payment needs of the corporate clients such as salary payments, fees, commissions, suppliers' bills and vendor payments. The system also ensures maximum flexibility and enhanced security while making payments through all the available payment modes, e.g. BEFTN, RTGS, account to account fund transfer, bKash, cheque issuance, pay order issuance from any place, the statement said.

Syed Mahbubur Rahman, Managing Director & CEO of Dhaka Bank, and Ahsan Khan Chowdhury, Chairman & Chief Executive of PRAN-RFL Group, have exchanged the signed MoU of payroll banking and cash management services at PRAN-RFL Centre in Dhaka.

Emranul Huq, Additional Managing Director of Dhaka Bank Ltd., Md. Shakir Amin Chowdhury, Deputy Managing Director of Dhaka Bank Ltd., Choudhury Atiur Rasul, Director - Accounts of PRAN-RFL Group, along with other high officials of both the organisations were present at the signing ceremony, the statement added.


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