Private sector investors are now permitted to establish a credit bureau with a minimum paid-up capital requirement of Tk10 crore. This new regulation opens the door for private entities to enter the credit bureau industry, which was previously monopolized by government-owned entities. The move aims to encourage competition and innovation in the credit reporting sector, potentially leading to improved services and accessibility for consumers and businesses. With a lower barrier to entry, private sector investors can now participate in shaping the credit reporting landscape, contributing to the overall development of the financial sector in the country. This decision may also enhance the efficiency and effectiveness of credit reporting mechanisms, ultimately facilitating better risk management for financial institutions and promoting responsible lending practices.
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