
Sheikh Mohammad Maroof has stepped down as managing director of Dhaka Bank after serving less than a year in the post.
He submitted his resignation to the bank’s chairman on August 14. Confirming the matter, Dhaka Bank chairman Abdul Hai Sarker told ¶¶Òõ¾«Æ·, ‘We have received his resignation letter. However, it has not yet been accepted. A final decision will be made at the board meeting on Tuesday.’
Maroof, who previously served as additional managing director of City Bank, took charge at Dhaka Bank in October last year.
Bank officials claimed that Maroof was forced to resign due to increasing interference by some former and current directors who became more active after the political transition. However, the chairman dismissed this allegation.
His resignation comes amid a wave of top-level departures in the banking sector. Earlier this month, three MDs left their posts within a week — the MD of Southeast Bank was sent on leave, while the heads of Meghna Bank and Bangladesh Commerce Bank also resigned abruptly.
Under Bangladesh Bank regulations, an MD must notify the central bank of the reasons for resignation. The regulator then determines whether the resignation will take effect. In rare cases, resigned MDs have been reinstated and current directors who became more active after the political transition. However, the chairman dismissed this allegation.
His resignation comes amid a wave of top-level departures in the banking sector. Earlier this month, three MDs left their posts within a week — the MD of Southeast Bank was sent on leave, while the heads of Meghna Bank and Bangladesh Commerce Bank also resigned abruptly.
Under Bangladesh Bank regulations, an MD must notify the central bank of the reasons for resignation. The regulator then determines whether the resignation will take effect. In rare cases, resigned MDs have been reinstated.