Bangladesh Bank has invited eligible institutions to apply for digital bank licences, with applications to be accepted between Sept 1 and 30. The announcement was made on Monday evening on the central bank’s official Facebook page. In comparison, traditional banks in Bangladesh are required to have a minimum paid-up capital of Tk 5 billion. Bangladesh Bank first cleared the way for digital banks in June 2023, when it approved a set of guidelines and invited applications. In October 2023, nine institutions were granted initial approval to set up digital banks, including Nagad and ACI’s “Kori”, which received licences.
