Online Desk  :   The managing directors, MDs, of five more banks have been sent on compulsory retirement on the advice of the taskforce formed by the Bangladesh Bank, BB. The banks are Exim Bank, Union Bank, Global Islami Bank, Social Islami Bank, and ICB Islami Bank. The decision has been approved by the board of directors of the respective banks, sources in the central bank said on Sunday, January 5. A higher official of BB said the MDs have been sent on retirement for convenience of international audit.

Today a meeting between the Bangladesh Bank governor, Dr Ahsan H Mansur, and the chairmen of the five banks held which directed to remove the banks’ MDs, the official added. Earlier on Saturday, the MD of First Security Islami Bank, Syed Wasek Md Ali, was sent on obligatory retirement for negligence in duty.