Dhaka, June 1 -- Bangladesh Bank has confirmed that the newly appointed Chairman of Islami Bank Bangladesh PLC, Md. Khorshid Alam will not be removed from his post despite ongoing street protests demanding his resignation.

The announcement came on Monday from central bank spokesperson Arief Hossain Khan, following violent clashes outside the Islami Bank headquarters in Motijheel earlier in the day.

A group of demonstrators, rallying under the banner of the "Islami Bank Customers' Forum," staged a protest in front of the head office on Monday morning to demand the cancellation of Khorshid Alam's appointment. The situation escalated when police used batons, water cannons, tear gas, and sound grenades to disperse the crowd.

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