BB raises paid-up capital limit for digital bank

Bangladesh Bank increased the paid-up capital requirement to establish a digital bank in the country on Sunday.

According to the latest order by the central bank, at least Tk 3.0 billion in paid-up capital, which is 140 per cent higher than previous guidelines, will be required to establish a digital bank.

The order was signed by Deputy Governor Dr. Md Kabir Ahmed and issued in a circular.

Previously, in 2023, the central bank had stated that each digital bank needed a minimum paid-up capital of Tk 1.25 billion, which was significantly lower than the Tk 5.0 billion required for traditional high street banks.

jasimharoon@yahoo.com