Dhaka, Bangladesh (BBN) - The state-run Investment Corporation of Bangladesh (ICB) sits with representatives of state-owned commercial banks (SCBs) on Sunday to discuss the latter's role in breathing life afresh into the local stock market.
"We’ll sit with the representatives of SCBs to increase their participation in revival of the stock market," a senior official of the ICB told BBN in Dhaka.
He also said the SCBs were given the instruction at a meeting of the ministry finance attended by some key people on July 11 last.
Meanwhile, some state-owned and private commercial banks, including Pubali Bank, EXIM Bank, NCC Bank and Standard Bank made announcements on investment in the stock market.
Of them, Pubali Bank Limited promised the highest investment of Tk 5.0 billion.
When asked whether such banks made the announcements in line with the government's latest instruction, some of them said they took the decisions on their own.
BBN/SSR/AD-22July12-10:46 am (BST)
