Farmers Bank can file review petition against the Tk10 lakh fine imposed by Bangladesh Bank for concealing loan-related information, according to an order of the Supreme Court.
The four-member Appellate Division bench led by Chief Justice SK Sinha passed the order on Thursday morning.
The order comes following the state's plea against the High Court stay order on the fine.
On January 19, the HC issued the stay order in response to a writ petition filed by Farmers Bank.
The central bank on January 3 sent a letter to Farmers Bank managing director, informing him of the fine.
Bangladesh Bank investigation into the new generation bank found irregularities in the latter’s loan disbursement of Tk400 crore.
Top managers of the bank were found involved with the loan anomalies, thus raising concern for Bangladesh Bank.
The investigation also observed lack of good governance into the bank.
Under the circumstances, the central bank appointed an observer to keep a closer eye on the bank.
Farmers Bank started its journey in April 2013.