Bangladesh Bank Governor Abdur Rouf Talukder yesterday said they are trying to help strengthen the country’s securities market as it should be a major source of long-term funding for entrepreneurs and thereby assist in reducing non-performing loans in the banking sector.
Mutual funds will be a suitable alternative to fixed deposits as it is a good investment product that offers better returns, according to Prof Shibli Rubayat-Ul-Islam, chairman of the Bangladesh Securities and Exchange Commission (BSEC).
Startups have huge potential to grow, so the stock market should allow them to raise funds although they face some challenges in making profits at the primary stage, State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak said yesterday.