Tk 7 thousands crore new investment coming to capital market

Stock market Desk , Published: 2023-01-23 10:53:07, Updated: 2023-01-23 11:01:23

The state-owned investment company Investment Corporation of Bangladesh (ICB) has taken the initiative to make new investment of 7 thousand crore taka to make the capital market more dynamic. The company has planned to make this investment through a demand loan of Tk 6 thousand crore from depository fund and Tk 1 thousand crore from Bangladesh Bank.

Managing Director (MD) of ICB. Abul Hossain confirmed the matter.

He said that on Sunday (January 22), ICB had a meeting with Bangladesh Bank regarding investment outside of exposure and demand loan of Tk 1000 crore. In the meeting, Bangladesh Bank assured ICB of all kinds of policy cooperation.

Earlier, the ICB had made a proposal through a board meeting to Bangladesh Bank regarding investments outside the exposure limit and loans of Tk 1,000 crore to depository funds. A meeting was held on Sunday to find out and discuss the details of the proposal. There, Bangladesh Bank said that policy support will be given within the law.