Bangladesh to examine possibility of establishing digital bank


FE Team | Published: June 09, 2022 19:00:17 | Updated: June 09, 2022 19:20:07


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Bangladesh government will examine the possibility of establishing digital banks to expand and accelerate financial inclusion, Finance Minister AHM Mustafa Kamal has said.

"It is to be noted that establishing digital banks is under either initial implementation or experimental stage in various developed countries and some developing countries in Asia including Singapore, Malaysia and India," the minister said this while placing the proposed national budget for FY23 at Jatiya Sangsad in the capital on Thursday.

Kamal said once digital banks are established, massive employment opportunities will be generated for young IT workers.

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