The government has cancelled the contractual appointments of the managing directors (MD) of three state-owned banks: Sonali Bank, Janata Bank, and Rupali Bank.
The decision was revealed in a letter issued on Monday, signed by Afroza Akter Riba, deputy secretary of the Financial Institutions Division under the Ministry of Finance. The letter was formally sent to the chairmen of the three concerned banks.
The ministry has recommended cancelling the remaining terms of Sonali Bank MD Shawkat Ali Khan, Rupali Bank MD Kazi Md Wahidul Islam, and Janata Bank MD and CEO Mazibur Rahman.
Shawkat Ali Khan had joined Sonali Bank as its MD on October 30, 2024, for a three-year term, having previously served as the MD of Bangladesh Krishi Bank. Kazi Md Wahidul Islam was appointed as the MD of Rupali Bank on December 25, 2024, for a three-year term, while Mazibur Rahman took charge as the MD and CEO of Janata Bank on November 11, 2024.
Following the termination of their remaining contractual terms, the boards of directors of the respective banks are now required to take further necessary steps in accordance with applicable regulations.
