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Dhaka Bank signs MoUs with PRAN RFL Group

  • Published at 01:05 am June 24th, 2018
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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 Courtesy

On June 11, Dhaka Bank signed two MoUs with PRAN RFL Group for payroll banking services of Rangpur Metal Industries Ltd and cash management services of the group at PRAN RFL Group head office premises. Under the payroll banking MoU, Dhaka Bank will provide payroll banking services to the employees of Rangpur Metal Industries situated in Murapara, Narayanganj and for facilitating this service, an ATM will be established at the factory premises. On behalf of Dhaka Bank, the cash management agreement was signed by Md Ziaur Rahman, SEVP and head of corporate banking and the payroll MoU was signed by Md Shafquat Hossain, SEVP and head of retail banking while Uzma Chowdhury, director, signed both the documents on behalf of PRAN-RFL Group.

Moreover, 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, such as BEFTN, RTGS, Account to Account Fund Transfer, bKash, Cheque Issuance, Pay Order Issuance from any place.

Syed Mahbubur Rahman, managing director and CEO of Dhaka Bank and Ahsan Khan Chowdhury, chairman and CEO of PRAN-RFL Group exchanged the signed MoU of Payroll Banking and Cash Management Services at PRAN-RFL Center 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 organizations were present at the signing ceremony.