Unique Hotel & Resorts PLC, a publicly traded company, has announced its decision to invest Tk 125 million in the proposed digital bank ‘AMAR Digi Bank PLC,’ equivalent to 10% of the digital bank’s paid-up capital. The digital bank’s authorized capital stands at Tk 2.50 billion, with a paid-up capital of Tk 1.25 billion. This move comes in response to the Bangladesh Bank’s call for digital bank proposals, with a minimum paid-up capital requirement of Tk 1.25 billion. Several other listed banks and companies, including ACI, Crystal Insurance, and Pragati Life Insurance, have also shown interest in investing in digital banks. The Bangladesh Bank extended the proposal deadline to August 17 to allow entrepreneurs more time for preparation. Digital banks, according to guidelines, can issue virtual cards, QR codes, and advanced technology-based products for transactions, but are restricted from engaging in foreign currency transactions or trade finance. They must also conduct an initial public offering within five years of receiving a license.
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