Dhaka, March 28 -- Uncertainty looms over 76 lakh depositors of the newly formed Sammilito Islami Bank as Bangladesh Bank (BB) remains indecisive regarding the withdrawal of the controversial "haircut" decision on investment profits.

The Sammilito Islami Bank was recently formed through the merger of five Shariah-based lenders: Union Bank, First Security Islami Bank, Global Islami Bank, Social Islami Bank, and Exim Bank.

Central bank-appointed administrators currently managing these banks have repeatedly urged the regulator to scrap the profit-slashing measure. They argue that without restoring full profit rates, it will be impossible to regain depositor confidence, which is vital for the bank's turnaround.

The crisis has hit a vast nu...