The government is likely to extend the deadline for commercial banks and non-banking financial institutions to comply with the capital market exposure limit of 25%.
It also decided to ask all Multinational Companies listed in stock markets of other countries to also be listed with the stock exchanges of Bangladesh.
The two issues were raised at the Fiscal Coordination Council Meeting held yesterday at the Finance Ministry, said an official who attended the meeting chaired by Finance Minister AMA Muhith.
Officials said the final decision would be taken after a meeting among the BSEC chairman, Bangladesh Bank governor and finance minister upon the return of Governor Atiur Rahman from Dubai.
The extension consideration came following the demands from the bankers and leaders of NBFIs.
According to the BB data, currently, about 27 banks have 25% investment of their capital. According to the Bank Company Act 2013 (amendment), the bank’s investment into the stock market will be 25% of its capital.
According to the Dhaka Stock Exchange, in last two months, DSEX witnessed a fall of 389 points to 4,760 from 4,371 points.
In 2008, the government made a move to offload 20% of its stake in Unilever Bangladesh through the stock exchanges under the direct listing but that move was not translated into reality for different reasons.