October 6, 2022, 11:42 pm

The term of the special fund is increasing to 5 years, the size is 300 crores -DailyProbash.com

  • Update Time : Monday, May 23, 2022
  • 29 Time View
The term of the special fund is increasing to 5 years, the size is 300 crores -DailyProbash.com

The special fund of the banks is being raised to the tune of Tk 300 crore to boost the stock market. The term of the special fund is increasing to 5 years. This information has been known from Bangladesh Bank sources.

It is learned that Scheduled Banks through DOS Circular No. 01 issued on February 10, 2020 issued instructions regarding formation of special fund for investment in the stock market and investment policy from the said fund. The banks have been asked to set up a special fund of Tk 200 crore to invest in the stock market. Yo has been increased to Rs 300 crore.

The circular states that any scheduled bank will be able to avail this facility through repo till January 13, 2025. The term of the special fund has been extended for another 5 years till 2030.

Trader Bangladesh, May 23, 2022

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