Finance and Banking, Investment

Pressure on the banking sector can be reduced by introducing different types of bonds and innovative instruments. It will attract foreign direct investments as well. Financial and economic experts expressed these during a program on the banking sector. They expect that these measures will meet long-term and large-scale financing needs.

FDIs are much required for an economy.

Private industry and investment adviser of Prime Minister, Salman F Rahman, addressed the programme as the chief guest. Chairman of Bangladesh Securities and Exchange Commission, Shibli Rubayat-Ul-Islam, Bangladesh Bank Deputy Governor Ahmed Jamal and Chairman of City Bank Aziz Al Kaiser were there. Salman F Rahman, one of the most prominent business personalities of Bangladesh, attended the program through a video call and stated that innovative financial instruments need to be introduced. He said it will help the financial market to grow. Also in his speech, he mentioned coupon rate of the bonds should be close to 9% to remain attractive for both institutional and general investors. BSEC chairman Shibli Rubayat-Ul-Islam said innovative products are required to be offered by financial institutions to boost up the capital market. It is the demand of next generation economy.