Dhaka, Aug. 24 -- Bangladesh Bank has fixed the minimum paid-up capital for digital banks at Tk 3 billion, more than double the Tk 1.25 billion requirement outlined in its June 2023 guidelines.

The central bank issued a circular on Thursday to managing directors and chief executives of all scheduled banks, notifying them of the revised requirement.

Senior officials said Bangladesh Bank is preparing to invite new applications for digital bank licences, with the matter set to be discussed at the board meeting on Aug 27, reports bdnews24.com.

Further amendments to the existing guidelines are also being considered.

Central bank spokesperson Arief Hossain Khan said, "Work is underway on this. Revisions are being made to the digital banking...