Accra:The government has terminated the contractual appointments of the managing directors of three state-owned banks Sonali Bank, Janata Bank, and Rupali Bank.
According to Bangladesh Sangbad Sangstha, this decision was communicated via a letter signed by Afroza Akter Riba, the deputy secretary of the Financial Institutions Division under the Ministry of Finance, which was issued today and sent to the chairmen of the affected banks.
The ministry recommended the cancellation of the remaining terms for Sonali Bank MD Shawkat Ali Khan, Rupali Bank MD Kazi Md Wahidul Islam, and Janata Bank MD and CEO Mazibur Rahman. Shawkat Ali Khan joined Sonali Bank 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 MD of Rupali Bank on December 25, 2024, also for a three-year term, while Mazibur Rahman became MD and CEO of Janata Bank on November 11, 2024.
With the cancellation of their contracts, the respective bank boards will need to proceed with further actions as per the relevant regulations.