Bangladesh Securities and Exchange Commission (BSEC) Chairman Khandaker Rashed Maksud has sought Bangladesh Bank’s support in developing the capital market. He sought this support in a meeting with Governor Ahsan H. Mansur at Bangladesh Bank on Wednesday (November 27) afternoon. The meeting was held at Bangladesh Bank. This information was learned from BSEC and Bangladesh Bank sources.

According to BSEC sources, the governor was requested to increase the term and size of the special fund of Tk 200 crore of banks for investing in the market. The term of this special fund of Tk 200 crore is scheduled to end next February. In addition to extending this term for another five years, BSEC said that the size of the fund will be increased.

Incidentally, when a major decline in the capital market started in 2020 due to Corona, Bangladesh Bank gave each bank the opportunity to form a fund of Tk 200 crore to normalize the market. In addition, this investment in the stock market is kept outside the investment limit set by the bank. This opportunity has been given until February 9, 2025.

In addition, BSEC has sought Bangladesh Bank’s assistance in bringing multinational and well-founded companies to the market. Along with this, the BSEC Chairman requested the Governor to make arrangements so that businesses or companies choose the capital market along with banks for long-term financing. In this case, Bangladesh Bank’s assistance was sought on whether any legal provision can be made so that a part of long-term financing is collected through the stock market along with banks.