BB suspends Nagad digital banking license

BB suspends Nagad digital banking license

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur on Thursday informed that the digital banking license for Nagad Digital Bank PLC has been suspended and the central bank will review the process.
“The Nagad digital banking licence has been put on hold while we conduct a thorough review. If they qualify as per the central bank review process, they will receive the license,” he told reporters at a press briefing at the central bank headquarters in the city, reports BSS.
The central bank awarded the digital banking licence to Nagad in October last year.