Demand for quick implementation of the proposal for redefining investment limit
Two organizations related to the market have urged the central bank to speedily implement the proposal to redefine the investment limit of the bank to overcome the ongoing crisis in the capital market.
The demand was made by the DSE Brokers Association (DBA) and Bangladesh Merchant Bankers Association (BMBA) on a press conference on Thursday in the collapse of the index of the two capital markets of the country.DBA president Mostak Ahmed Sadek told reporters that the proposals submitted by the DBA and the BMBA, including reconfiguration of the capital market of the capital market, have been taken by the Finance Ministry in 'special consideration'."The Finance Minister has instructed Bangladesh Bank. The faster the Bangladesh Bank will implement, the faster the capital market will revolt''.Sadek said that the meeting was held with the representatives of the Bangladesh Bank and Bangladesh Securities and Exchange Commission (BSEC) in the finance ministry in the chairmanship of Finance Minister on Wednesday.He said, "In the meeting, the finance minister asked banks to reconsider the proposals for investment limit''.Banks can now invest up to 25 percent of regulatory capital in the capital market. Regulatory capital includes paid-up capital, distributed profits, premium income and statutory reserves.These two organizations have been demanding to change the definition of the investment limit, which is responsible for the liquidity crisis as the reason for the current downturn in the capital market.
