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The central bank has fined private Exim Bank and Premier Bank Tk 50000

The central bank has fined private Exim Bank and Premier Bank Tk 50000,The national bank has fined private Exim Bank and Premier Bank Tk 50,000. The fine has been forced for abusing the approach of unique asset of Tk 200 crore for banks to put resources into the capital market.The central bank has fined private Exim Bank and Premier Bank Tk 50,000

Furthermore, Eastern Bank, Union Bank, Global Islami Bank and Agrani Bank have been cautioned for a similar offense and in the event that they put resources into this asset in future disregarding the arrangement, the ‘unique asset’ will be dropped.

Pertinent wellsprings of Bangladesh Bank have affirmed this data.

As indicated by the concerned authorities of the national bank, the national bank offered the chance to make a unique asset of Tk 200 crore for the venture of the banks in the capital market of the country on February 10, 2020 to forestall the constant fall in costs. Explicit strategies for putting cash in this extraordinary asset were additionally given.

In any case, in the wake of examining the data that a few banks are putting resources into infringement of that arrangement, Bangladesh Bank has fined two banks and cautioned four.

Prior, Bangladesh Bank fined NRB Bank Tk 49.50 lakh for putting resources into portions of Pioneer Insurance infringing upon the Banking Companies Act.The central bank has fined private Exim Bank and Premier Bank Tk 50000

Additionally, NRB Commercial Bank was likewise fined Tk 23 lakh 50 thousand for putting resources into infringement of organization law.

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