Dhaka, March 2 -- up of the financial sector, the heads of three major state-linked financial institutions-Sonali Bank, Insurance Development and Regulatory Authority (IDRA), and Shadharan Bima Corporation (SBC)-resigned from their respective posts on Monday.

The outgoing officials are Sonali Bank Chairman Mohammad Muslim Chowdhury, IDRA Chairman M. Aslam Alam, and Shadharan Bima Corporation Chairman Mohammad Jainul Bari. All three submitted their resignation letters to the Secretary of the Financial Institutions Division (FID), citing "personal reasons" for their departures.

Sonali Bank Chairman steps down

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Mohammad Muslim Chowdhury, a former Comptroller and Auditor Gene...