Dhaka Bank PLC has formalised a strategic Payroll Banking Agreement with the New Asia Group, encompassing its major constituent entities: Malek Spinning Mills PLC, Salek Textile Limited, and Denim Asia Limited.
According to an official corporate press release, the formal signing and document exchange ceremony was hosted at the New Asia Group’s corporate headquarters, situated at Tower One One Seven, 117/A, Tejgaon Industrial Area, Dhaka-1208.
Executive Representatives and Signatories
The agreement was officially executed and exchanged by senior executives representing both institutions. Mr H. M. Mostafizur Rahaman, Senior Executive Vice President (SEVP) and Head of the Retail Business Division, represented Dhaka Bank PLC. Mr Ghaus Mohammad, Director of Human Resources and Administration for the New Asia Group, exchanged the accord on behalf of the conglomerate.
The event was attended by members of the senior leadership teams from both organizations. Representing Dhaka Bank PLC was Mr Syed Ashraful Amin, Executive Vice President (EVP) and Head of the Kawran Bazar Branch. The executive delegation from the New Asia Group featured several key financial and administrative officials, including:
Mr Bidyut Kumar Chaki, Chief Financial Officer
Mr Syed Saiful Haque, Company Secretary (Malek Spinning Mills PLC)
Mr Amit Kumar Saha, Chief Financial Officer (RTML PLC)
Mr Buddhadeb Karmakar, Chief Financial Officer (KAL)
Other senior officials from both establishments were also present to witness the finalisation of the partnership.
Overview of Privileged Banking Entitlements
Under the terms of this strategic arrangement, the employees of New Asia Group’s subsidiaries—including Malek Spinning Mills PLC, Salek Textile Limited, and Denim Asia Limited—will gain access to an extensive suite of tailored commercial banking products and preferential financial services provided by Dhaka Bank PLC.
Employee Banking Benefits and Features
| Service Category | Specific Privileges and Contractual Entitlements |
| Salary Accounts | Exclusive accounts featuring highly competitive interest rates. |
| Credit & Lifestyle Cards | Domestic and international credit cards with annual fee waivers and lifestyle benefits. |
| Financing Options | Access to personal loans and auto loans offered on preferential corporate terms. |
| Digital Banking | Seamless mobile transactions and digital services via the Dhaka Bank Go App. |
| Investment Schemes | Enhanced interest rates and flexible terms on savings schemes, DPS, and FDR. |
| Customer Support | Priority service access and dedicated relationship management personnel. |
Strategic Objectives and Operational Impact
The implementation of this partnership underlines Dhaka Bank’s ongoing corporate commitment to delivering streamlined payroll solutions designed to optimize business operations, increase employee satisfaction, and improve financial well-being.
By integrating the staff of this prominent industrial group into its retail ecosystem, Dhaka Bank PLC advances its long-term commercial strategy aimed at positioning the institution as the preferred payroll banking partner for major employers across Bangladesh.