Md Muslim Chowdhury, chairman of the board of directors of state-owned commercial bank Sonali Bank, has resigned. Meanwhile, M Aslam Alam, chairman of the Insurance Development and Regulatory Authority (Idra), the regulatory body of the insurance sector, has also resigned. His resignation is seen as significant in the context of multiple changes in the financial sector in recent times. After the central bank, the resignation of the head of the insurance sector's top regulatory body is believed to indicate a series of leadership changes in the financial sector. However, no official announcement has been made by Idra regarding the appointment of a new chairman or transfer of responsibility.

Source: Dhaka Tribune March 02, 2026 13:17 UTC