Bangladesh, Oct. 27 -- The government has nominated top executives for two state-owned commercial banks from private-sector lenders.

Another public bank's managing director is picked from a different SoCB during the private-public reshuffle in top bank management.

With the latest nominations, the government possibly for the first time in Bangladesh's history hired private-sector bankers as managing director-cum-chief executive officer in public banks.

The Financial Institutions Division (FID) of the Ministry of Finance conveyed the nominations to the respective board of directors through separate letters on Monday.

Simultaneously, the division within seven days has also withdrawn its previous order cancelling the remaining term of So...