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DHAKA: The government has withdrawn its order cancelling the remaining tenure of Md Shawkat Ali Khan as managing director (MD) and chief executive officer (CEO) of Sonali Bank PLC, while nominating three officials for the top posts at Janata, Agrani and BASIC banks.
The Financial Institutions Division of the Ministry of Finance issued separate notifications in this regard on Monday.
According to the notifications, Md Mahbub Alam, additional managing director and chief risk officer of Southeast Bank, has been nominated for appointment as MD and CEO of Janata Bank. The government has approved his contractual appointment for three years from the date he joins.
Nur Mohammad, deputy managing director of Jamuna Bank, has been nominated for the post of MD and CEO of Agrani Bank, with approval for a three-year contractual appointment from his joining date.
Meanwhile, Md Nurul Huda, deputy managing director of Janata Bank, has been nominated for appointment as MD and CEO of BASIC Bank for three years.
The notifications instructed the concerned authorities to take the necessary steps to complete the appointments in accordance with the Bank Company Act, 1991.
In a separate notification, the Financial Institutions Division withdrew its earlier order cancelling the remaining tenure of Shawkat Ali Khan as Sonali Bank’s MD and CEO. The decision follows an order issued on October 19, according to the notification dated October 26.
The notifications were signed by Financial Institutions Division Deputy Secretary Afroza Akter Riba and sent to the chairmen of the respective banks’ boards of directors.
The decisions will allow Shawkat Ali Khan to retain his position for the remainder of his contractual tenure while advancing the appointment process for new heads at Janata, Agrani and BASIC banks.