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Islami Bank, the largest private bank by deposits in 2017, was a lucrative target for Sheikh Hasina’s cronies when an influential business group with her blessing occupied it by force – a “perfect robbery” in Bangladesh’s banking history. On the…

Bangladesh Bank has formed a new board of directors for crisis-hit Social Islami Bank. The board of the Shariah-based lender now has five members: one director and four independent directors. The central bank constituted the new board today after dissolving…