Merchant banks seek Tk 6,000cr fund

Bangladesh Merchant Bankers Association (BMBA) yesterday sought about Tk 6,000 crore special funds to overcome the margin loan deficit, 
reports BSS.
“We proposed the finance minister for about Tk 6,000 crore funds. The fund will increase the liquidity flow of the stock market,” BMBA President M Sayadur Rahman told journalists after emerging from a meeting with Finance Minister Abul Maal Abdul Muhith at his secretariat office.
He expressed hope that the fund will help solving the problem of the merchant banks negative equity problems and accelerate the county’s stock markets.
During the meeting, the finance minister took the proposal positively and assured that he will discuss with authorities concerned to form the fund.

Merchant banks seek Tk 6,000cr fund

Bangladesh Merchant Bankers Association (BMBA) yesterday sought about Tk 6,000 crore special funds to overcomethe margin loan deficit, reports BSS. We proposed the finance minister for about Tk 6,000 crore funds. The fund will increase the liquidity flow of the stock market, BMBA President M Sayadur Rahman told journalists after emerging from a meeting with Finance Minister Abul Maal Abdul Muhith at his secretariat office. He expressed hope that the fund will help solving the problem of the merchant banks negative equity problems and accelerate the countys stock markets. During the meeting, the finance minister took the proposal positively and assured that he will discuss with authorities concerned to form the fund.