The Ministry of Finance has accepted Sonali Bank Chairman Ziaul Hasan Siddiqui's resignation and cancelled the appointments of Grameen Bank Chairman AKM Saiful Majid and the Chairman of Palli Sanchay Bank Akram Al Hossain and Managing Director (MD) Sheikh Md. Jaminur Rahman.

The Financial Institutions Division of the Ministry of Finance issued four separate notifications in this regard on Tuesday.

Sonali Bank Chairman Ziaul Hasan Siddiqui resigned on Monday. Ziaul Hasan Siddiqui was appointed as the first chairman of Sonali Bank in 2019. He was reappointed in August 2022. He was the Deputy Governor of Bangladesh Bank from 2006 to 2011. In between, he was an advisor to the Beximco Group.

Meanwhile, the FID canceled the employment contract of Grameen Bank Chairman AKM Saiful Majid. He is a teacher at the Institute of Business Administration (IBA) of Dhaka University. He was first appointed to this position on March 16, 2020, by the government. After being appointed for two years, he was reappointed two more times for two years. The FID reappointed him last April.

Apart from this, the appointment of Akram Al Hussain, Chairman of Palli Sanchay Bank has also been cancelled. In the bank, government-nominated director Mohammad Mohiuddin has been asked to perform the duties of the chairman. The managing director of the bank Sheikh Md. Md. Jaminur Rahman was also canceled. The FID issued separate notifications regarding the cancellation of their appointments.