The Bangladesh Bank is gearing up to launch a digital bank in the country, as announced by Governor Abdur Rouf Talukder on Wednesday, May 24th.
Speaking as the chief guest at the first Digital Transformation Summit 2023, he highlighted the upcoming introduction of a digital bank, an online real-time credit rating system, and national debt cards. Hosted by the Association of Bankers Bangladesh Limited (ABB) under the theme “Banking on Digital Transformation,” the two-day summit is being held at Pan Pacific Sonargaon Dhaka.
Governor Abdur Rouf Talukder emphasized the pressing issues of corporate governance and non-performing loans in the banking sector. He stressed the need for cultural changes, ethical practices, and proper education of the workforce to instill good practices within the banking system. The implementation of guidelines, along with strong management and CEO involvement, is expected to address these challenges effectively.
Highlighting the achievements of the Digital Bangladesh vision, the central bank governor stated that steps are being taken towards realizing the Smart Bangladesh vision. Additionally, there is a goal to make 75% of transactions cashless. With these initiatives, the Bangladesh Bank aims to enhance the country’s banking sector and embrace the digital era.
