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Meghna Bank managing director steps down

Mohammed Nurul Amin resigned as managing director of Meghna Bank Ltd. due to personal reasons, The Daily Star reported Nov. 22.

The resignation will take effect Nov. 30. Ashequr Rahman, chairman of the bank, confirmed the resignation.

Banking sources said Amin resigned over a 450-million-taka loan to Rupali Corp. Some directors believed the loan was granted unlawfully, said a senior official.

As of Nov. 21, US$1 was equivalent to 84.15 Bangladeshi taka.