BB to sit with 3 banks that exceed share holding limit

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FE Report
The central bank will sit with three more commercial banks separately, which have exceeded the share holding limit, from next week, officials said.
"We've found that three private commercial banks have crossed their holding limit in the capital market investments on the basis of their monthly statement regarding holding of shares and exposure limit for August 2010," a senior official of the Bangladesh Bank (BB) told the FE Thursday.
The central bank of Bangladesh earlier identified that eight private commercial banks had crossed their exposure limit in the capital market investment in June last.
Separate timeframes have been given to eight banks for brining down their holding and exposure within the prescribed limit through different measures, the BB official added.
Under the provisions, banks will be allowed to invest not more than 10 per cent of their total liabilities in the capital market.
Besides, the banks will have to ensure holding of shares in line with the existing Bank Companies Act, the central bank officials said.