NDB Capital Limited (formerly known as Capital Market Services Limited) is a joint venture investment bank in Bangladesh between National Development Bank PLC (NDB Bank) of Sri Lanka and a group of investors from Bangladesh. NDB Capital is a licensed merchant bank by the Securities and Exchange Commission of Bangladesh. The Company, which started operations in 1995 as Capital Market Services Limited, is one of the pioneering merchant banks in Bangladesh. National Development Bank PLC of Sri Lanka (NDB Bank) acquired a controlling interest of Capital Market Services Limited in January 2009 and subsequently the Company was renamed as NDB Capital Limited.