The central bank has already removed its Chairman Md. The High Court has also called for liquidation of the bank, said a high official of the central bank seeking anonymity. The central bank recognised it as a non-scheduled bank in June 1984. Bangladesh has four other non-scheduled banks -- Ansar VDP Unnayan Bank, Karmasangsthan Bank, Grameen Bank and Palli Sanchay Bank -- with operations on a limited scale. “I have received the removal letter from Bangladesh Bank,” Alam told Dhaka Tribune yesterday.

Source: Dhaka Tribune December 29, 2020 18:45 UTC