National Bank forms new board 

The Bangladesh Bank (BB) has dissolved the board of directors of National Bank on the grounds of numerous irregularities for the third time.

According to an order issued by BB Governor Ahsan H Mansur, the banking regulator dissolved the bank's board to protect the depositors' money and public interest.

Besides, the central bank has formed a new seven-member board including three directors and four independent directors.

The three directors are shareholders of the bank BNP Vice-Chairman Abdul Awal Mintoo, Moazzem Hossain and Zakaria Taher.

Independent directors are former Bangladesh Bank executive director Md Zulkar Nain, Shimanto Bank PLC former managing director Mukhlesur Rahman, University of Dhaka's Institute of Business Administration (IBA) Professor Dr Melita Mehjabeen, and Chartered Accountant Md Abdus Sattar Sarker.