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Muhith for lowering banks’ exposure to stockmarket

Times National Desk - January 8th, 2013

Finance Minister AMA Muhith on Sunday said banks’ total exposure to the stockmarket will be fixed at 40 percent of their paid up capital through amending Banking Companies Act.
He also expressed his optimism for lowering down the exposure to 25 percent within next three years.
The minister came up with the observations while talking to journalists following a meeting on ‘Capital Marketing Development’ at the finance ministry.
“Stockmarket is becoming an ideal place for equity collection. Investors are coming forward but speculators are creating all the problems,” he added.