The Ministry of Finance has proposed the appointment of new managing directors (MDs) for 10 state-owned banks as part of ongoing reforms in the banking sector, officials announced on Monday.

Once the proposal receives approval from top government officials, an official notification will be issued, according to ministry sources.

The interim government recently removed the MDs of six state-owned banks and four specialized banks, leaving these key posts vacant for over a month. The move is part of a broader effort to revamp the banking sector.

Among the proposed appointments, Shawkat Ali Khan, currently the MD of Bangladesh Krishi Bank, has been recommended for the top position at Sonali Bank. Probashi Kallyan Bank MD Mojibur Rahman has been proposed as MD of Janata Bank, while Anwarul Islam, former deputy managing director of Janata Bank, is recommended for Agrani Bank.

Finance Ministry appoints MDs at 4 state-owned specialised banks

Other recommendations include Abdur Rahim, Deputy Managing Director of Rajshahi Krishi Unnayan Bank, for Rupali Bank; Jasim Uddin, former deputy managing director of Janata Bank, for Bangladesh Development Bank; and Kamruzzaman Khan, former deputy managing director of Janata Bank, for the role of MD at Basic Bank.

In addition, the ministry has proposed new MDs for four specialized banks. Sonali Bank Deputy Managing Director Mir Mofazzal Hossain is recommended for Ansar-VDP Development Bank, while Salma Banu, Deputy Managing Director of Bangladesh Krishi Bank, is set to take the helm at Palli Sanchay Bank.

Furthermore, Sonali Bank Deputy Managing Director Sanchita Binte Ali has been recommended as MD of Bangladesh Krishi Bank, and Bangladesh Krishi Bank Deputy Managing Director Chanu Gopal Ghosh has been proposed for the top position at Probashi Kallyan Bank.

This latest reshuffling comes after the previous MDs of these banks were collectively removed on September 19, as part of the government’s efforts to reform the banking sector.