Govt cancels appointments of Sonali, Janata, Rupali Bank MDs

The government has cancelled the remaining tenure of the contractual appointments of the managing directors (MDs) and chief executive officers (CEOs) of three state-owned banks — Sonali, Janata and Rupali.

The officials are Md Shawkat Ali Khan of Sonali Bank, Md Mojibor Rahman of Janata Bank and Kazi Md Wahidul Islam of Rupali Bank.

The Financial Institutions Division of the Finance Ministry issued three separate notifications on Monday, October 19, directing the respective bank boards to take necessary action.

The ministry's letters conveyed the government's consent regarding Janata and Rupali banks and instructed their boards to proceed in accordance with contractual terms and applicable laws.

Shawkat Ali Khan joined Sonali Bank on October 30, 2024, on a three-year contract. He previously served as managing director of Bangladesh Krishi Bank.

Wahidul Islam was also appointed as Rupali Bank's MD on a three-year contract, while Mojibor Rahman was serving as Janata Bank's MD and CEO.

The respective bank boards will now take the next steps in accordance with the relevant rules.

-AJM