Padma Bank Chairman Chowdhury Nafeez Sarafat steps down

Padma Bank Chairman Chowdhury Nafeez Sarafat has resigned due to medical issues.

Bangladesh Bank today accepted his resignation letter.

Md Mezbaul Haque,  Bangladesh Bank spokesperson, issued the announcement following a meeting of bankers at the central bank‍‍`s headquarters in Dhaka today.

Md Afzal Karim, managing director of Sonali Bank, will operate as Padma Bank‍‍`s acting chairman until a new chairman is selected, said Haque. 

Sarafat got the chairmanship of Padma Bank, formerly Farmers Bank, in January 2018.

Muhiuddin Khan Alamgir, the bank‍‍`s chairman before Sarafat, resigned from the board due to allegations of involvement in financial scams.