52 companies apply for digital bank license

52 companies apply for digital bank license

A total of 52 domestic and foreign companies have filed their applications for the license to set up digital banks.
The companies include commercial banks, mobile financial services (MFS), ride-sharing and food delivery service providers, IT service providers and pharmaceutical companies, Bangladesh Bank (BB) Spokesperson Md Mezbaul Haque said today.
The deadline for filing the applications ended on August 17.
The central bank invited applications for digital bank from the entrepreneurs from June 21 this year.
As per the Bangladesh Bank rule, investors willing to set up a digital bank will have to have a minimum paid-up capital of Taka 125 crore and the capital will have to come from the sponsors.
Any entity willing to set up a digital bank must be a public limited company. The minimum shareholding stake of each sponsor shall be Taka 50 lakh, according to the central bank.