New MDs appointed in 10 state-owned banks

New Managing Directors (MDs) have been appointed in 10 state-owned banks, including Sonali Bank, Janata Bank, Agrani Bank, Rupali Bank, Ansar-VDP Development Bank, Palli Sanchay Bank, Krishi Bank, Probashi Kallyan Bank, Bangladesh Development Bank, and BASIC Bank.

Among these, new MDs and CEOs have been appointed on a contractual basis for Sonali Bank, Janata Bank, Agrani Bank, Rupali Bank, Bangladesh Development Bank, and BASIC Bank. Meanwhile, MDs have been appointed by promoting officials in Ansar-VDP Development Bank, Palli Sanchay Bank, Krishi Bank, and Probashi Kallyan Bank.

The Financial Institutions Division of the Ministry of Finance issued a directive promoting Deputy Managing Directors (DMDs) to the position of MD in these four banks. For the remaining six banks, letters have been sent to their respective boards of directors, recommending the appointment of new MDs.

Md. Shawkat Ali Khan, MD of Bangladesh Krishi Bank, has been appointed as the MD and CEO of Sonali Bank, while Md. Mojibur Rahman, MD of Probashi Kallyan Bank, has been appointed as the MD and CEO of Janata Bank.

Md. Anwarul Islam, a former DMD of Agrani Bank, has been appointed as the MD and CEO of Agrani Bank, while Md. A Rahim, DMD of Rajshahi Krishi Unnayan Bank, has been made the MD and CEO of Rupali Bank.

Md. Jasim Uddin, a former DMD of Janata Bank, has been appointed as the MD and CEO of Bangladesh Development Bank, and Md. Kamruzzaman, another former DMD of Janata Bank, has been appointed as the MD and CEO of BASIC Bank.

Additionally, Mir Mofazzal Hossain, DMD of Sonali Bank, has been promoted and appointed as the MD of Ansar-VDP Unnayan Bank, while Salma Banu, DMD of Bangladesh Krishi Bank, has been appointed as the MD of Palli Sanchay Bank.

Sanchita Binte Ali, DMD of Sonali Bank, and Chanu Gopal Ghosh, DMD of Bangladesh Krishi Bank, have been promoted to the positions of MD of Bangladesh Krishi Bank and MD of Probashi Kallyan Bank, respectively.

Previously, the interim government terminated the remaining contract terms of the Managing Directors (MDs) and Chief Executive Officers (CEOs) who were appointed on three-year contracts during the tenure of the Sheikh Hasina government in six state-owned commercial banks: Sonali Bank, Janata Bank, Agrani Bank, Rupali Bank, Bangladesh Development Bank, and BASIC Bank.

On September 19, the Ministry of Finance sent letters to the chairpersons of these banks, instructing them to terminate the remaining terms of the MDs and CEOs appointed on a contractual basis. Since then, the MD and CEO positions in these banks had been vacant.

When contacted, Additional Secretary Amal Krishna Mandal, who is currently acting as the Secretary of the Financial Institutions Division, told Jago News that the DMDs of four banks have been promoted and appointed as MDs. Instructions regarding this have been issued. As for the remaining six banks, letters have been sent to the boards of directors, recommending the appointment of new MDs on a contractual basis. The boards will now proceed with these contractual appointments.