The government has appointed Mohammad Muslim Chowdhury, the former Finance Secretary, as the Chairman of state-owned Sonali Bank. He will serve in this position for the next three years. Meanwhile, former Secretary M Fazlur Rahman has been appointed as the Chairman of the state-owned Janata Bank.

The order was issued in separate notifications signed by Afsana Bilkis, Deputy Secretary of the Financial Institutions Division at the Ministry of Finance. The notification regarding the appointment of the Chairman of Sonali Bank states that Mohammad Muslim Chowdhury has been appointed Director and Chairman of Sonali Bank for a three-year term from the date of his joining. It requests that necessary actions be taken by the provisions of the Bank Companies Act, 1991, including obtaining approval from the Bangladesh Bank.

On August 20, the then Sonali Bank Chairman Ziaul Hasan Siddiqui was forced to resign under pressure from officials and employees. This was amid rumors that the former Deputy Governor of Bangladesh Bank had been appointed Chairman of Sonali Bank due to his close ties with an industrial group.

Meanwhile, the smooth transition of leadership at Janata Bank, with the resignation of Dr. SM Mahfuzur Rahman and the appointment of M. Fazlur Rahman as the new Chairman, ensures the stability and continuity of the bank's operations. The new Chairman will serve for the next three years, providing a sense of security and confidence in the bank's future.