Janata chips in stock fund

Janata Bank yesterday decided to contribute Tk 200 crore to a fund designed to help prop up the shriveling stockmarket.
The board of the state-run commercial bank approved the financing for the Bangladesh Fund of Tk 5,000 crore, officials said.
Investment Corporation of Bangladesh, Sonali Bank, Janata Bank, Agrani Bank, Rupali Bank, Bangladesh Development Bank, Sadharan Bima Corporation and Jibon Bima Corporation agreed to contribute to the fund, which will be an open-ended mutual fund.