Dhaka, June 10 -- The central bank has appointed an observer to Islami Bank Bangladesh amid street protests and heated exchanges in parliament over the troubled lender's top management.

The decision was taken on Wednesday, hours after Bangladesh Bank Governor Md Mostaqur Rahman met with the managing directors of different banks at the central bank headquarters.

Shahriar Siddiqui, assistant spokesperson of the central bank, said its Executive Director Md Ashraful Alam was tasked with the role in line with the Bank Companies Act, 1991.

After the bankers' meeting in the afternoon, Mashrur Arefin, chairman of the Association of Bankers Bangladesh, called for a swift resolution to the turmoil surrounding Islami Bank, warning that the disput...