Bangladesh, Oct. 27 -- The government has approved the appointment of executives from private banks as managing directors (MDs) of two state-owned banks, while also approving the appointment of a Janata Bank deputy managing director to head BASIC Bank.

In a letter dated on Monday, the Financial Institutions Division (FID) of the Ministry of Finance informed the Janata Bank Board of Directors that the government had approved the nomination of Md Mahbub Alam, additional MD and chief risk officer of Southeast Bank, as the state-owned bank's MD. In a separate letter, the FID informed the chairman of Agrani Bank's board that the government had approved the nomination of Noor Mohammed, deputy MD of Jamuna Bank, as the state-owned bank's MD an...