Dhaka, Aug. 20 -- NRB Commercial Bank PLC (NRBC), a fourth-generation private commercial bank listed on the stock market, is facing a serious governance crisis, with allegations of irregular recruitment, misuse of authority, and financial mismanagement rocking the institution.

The turmoil follows a controversial board reshuffle by Bangladesh Bank on 12 March, which shareholders and insiders say has worsened instability rather than restoring professional oversight.

At the centre of the controversy is Chairman Md Ali Hossain Prodhania, who is reportedly running the bank in an unorthodox manner. Sources claim he often stays in the office past 11pm, compelling a select group of officials to remain with him - not for regular banking operatio...