The Bangladesh Bank has fined two private commercial banks- Exim Bank and Premier Bank Tk 50,000 each for violating the stock investment rules.
Another four banks were warned of having their access to the special liquidity support package suspended if any further violation was found in future. The banks are – Global Islami Bank, Eastern Bank, Union Bank and Agrani Bank.
BB officials say that the central bank would take punitive measures against them if they flout the rules once again.
The banks were investing in the stock market from the Tk 200 crore special fund for the market by violating the rules. But the central bank allowed banks to form a Tk 200-crore special fund each with low-interest loans from the central bank to invest in the stock market.
The central bank earlier fined NRB commercial bank and NRB bank for breaking stock investment rules.