Dhaka Bank PLC and DMTCL signs agreement
Dhaka Bank PLC has partnered strategically with Dhaka Mass Transit Company Limited (DMTCL) to install Cash Recycling Machines (CRM) at 16 stations along the MRT Line-6.
The agreement was formalised at a signing ceremony on 12 February 2025 at DMTCL's headquarters, Metrorail Bhaban, Diabari Depot, Sonargaon, Dhaka.
Mr H M Mostafizur Rahaman, SEVP and Head of Retail Business Division, Dhaka Bank PLC., and Mr Khondaker Ehteshamul Kabir, Company Secretary, DMTCL, signed the agreement.
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The event was graced by Mr Mohammad Abdur Rauf, Managing Director of DMTCL, alongside senior officials from both organisations, including Mr Md. Altamas Nirjhar, EVP and Head of General Services Division, and Mr Mohammad Saifur Rahaman, SAVP from Dhaka Bank PLC.
This collaboration marks a significant step towards enhancing commuter convenience and supporting the government's vision for an innovative, cashless public transportation system. Commuters can easily access cash deposit and withdrawal services by installing CRMs at all 16 MRT Line-6 stations, contributing to greater financial inclusion and a seamless urban mobility experience.
Mr H M Mostafizur Rahaman, SEVP and Head of Retail Business Division, Dhaka Bank PLC, expressed his enthusiasm, stating, "This partnership reflects Dhaka Bank's commitment to driving digital financial solutions and enhancing customer convenience. We are proud to support the modernisation of public transport infrastructure through our CRM installations, contributing to the nation's vision of a cashless economy."
The collaboration between Dhaka Bank PLC and DMTCL is poised to set a benchmark in integrating banking services with public transportation, showcasing a public-private partnership model that fosters innovation and financial inclusion.
