BB upholds penalty on Agrani Bank over false CIB report

The Bangladesh Bank on Monday decided not to consider the application of Agrani Bank that sought exemption from the penalty imposed on the state-run bank because of submission of a false CIB report.

The decision was made at a meeting of the central bank board of directors with Governor Abdur Rouf Talukder in the chair.

Earlier, the Bangladesh Bank slapped a fine of Tk 5 lakh on the Agrani Bank for submission of a false CIB (Credit Information Bureau) report.

The meeting, however, discussed several issues, including the Tk 25,000 crore refinance scheme for Cottage, Micro, Small and Medium enterprises (CMSMEs) and a special refinance scheme for cultivating wheat and maize, as per the meeting source.