Sonali Bank, Sadharan Bima chairmen resign
FID officials confirmed the development, stating that both cited personal reasons for stepping down.
The top leadership of two major financial institutions, including the country's largest state-owned lender Sonali Bank, resigned today (2 March) citing personal reasons.
Mohammad Muslim Chowdhury, chairman of Sonali Bank PLC, and Mohammad Jainul Bari, chairman of Sadharan Bima Corporation (SBC), submitted their resignation letters to Nazma Mobarek, secretary of the Financial Institutions Division (FID).
FID officials confirmed the development, stating that both cited personal reasons for stepping down.
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Earlier this morning, M Aslam Alam, chairman of the Insurance Development and Regulatory Authority (IDRA), also stepped down from his post.
When contacted for further details regarding the acceptance of the resignation or the appointment of a successor, FID Secretary Nazma Mobarek declined to provide any immediate comment to The Business Standard.
