Dhaka, Aug. 24 -- Bangladesh Bank has increased the minimum capital requirement for establishing a digital bank to Tk 300 crore.

The change was made by a circular issued by the central bank on Sunday (August 24).

The new requirement marks a significant jump from the Tk 125 crore set in the Digital Bank Guideline on June 14, 2023.

In comparison, a conventional bank in Bangladesh needs a paid-up capital of Tk 500 crore to obtain a license.

The circular states that digital bank licenses will be issued under the Bank Company Act of 1991.

However, all payment services operated by the bank will fall under the purview of the Bangladesh Payment and Settlement Systems Regulations-2014.

The central bank has also mandated that a digital bank m...