(1) The bank may take any one or more of the following actions against the organization that violates this Act, the regulations made under this Act or the instructions or orders issued by the bank, considering the nature and seriousness of the violation:
(a) to warn or warn,
(b)   to make a confession to take corrective action,
(c) Prescribing Limits on Transactions,
(d) suspending the board of directors of the institution,
(e)   to partially or completely restrict the operation of payment instruments,
(f) Revocation of permit.
(2) The bank may take one or more of the following actions against the director or employee of the organization who does not provide the detailed documents requested by the bank in accordance with this Act, the regulations made under this Act or the instructions or orders issued by the bank:-
(a) to warn or warn,
(b) Ordering the board of directors of the concerned organization to suspend or withhold all benefits including salary,
(c) In the case of a director, to remove him from his position and in the case of an employee, to order the board of directors of the concerned organization to retire him from service, regardless of any provisions in the regulations regarding the employee service conditions of the organization,
(d) To recover the embezzled amount from the concerned offender.
(3) According to sub-section (1) or (2), the bank shall give a reasonable opportunity to any institution or its officer or employee to submit a clarification before proposing action.