Bangladesh’s financial sector has undergone a paradigm shift, experiencing a surge in digitization over the last one-and-a-half decades, bringing millions under banking services that have even reached the village level.
The Bangladesh Securities and Exchange Commission (BSEC) has approved a proposal of Dutch-Bangla Bank Ltd (DBBL) for issuance of fully redeemable, non-convertible, unsecured floating rate subordinated bond of Tk 500 crore.
Dutch-Bangla Bank Ltd (DBBL), Brac Bank Ltd and One Bank Ltd have got permission from the Bangladesh Securities and Exchange Commission (BSEC) to issue bonds worth Tk 1,600 crore collectively.
Bangladesh Bank is set to look into licensing applications from consortiums of banks, local and foreign investment firms to set up digital banks under the government’s push to transform the country into a ‘cashless society’ after India and Pakistan in South Asia.