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After the dissolution of Islami Bank’s chairman and entire board, the bank’s operations have begun returning to normal. Customer anxiety and cash withdrawal pressure have eased, while fixed deposit accounts are being reopened. ATM booths and online banking services, previously inactive, are now operational again. On Tuesday, deposits exceeded withdrawals by 964 crore taka, though electronic transfers kept the bank’s net position negative by about 450 crore taka.
Bank officials reported that pending electronic fund transfers and real-time settlements are being cleared, contributing to some remaining pressure. However, overall liquidity conditions are improving. About 502 customers have reopened their fixed deposit accounts, adding 45 crore taka in new deposits. The bank announced that customers who prematurely encashed deposits between June 1 and 15 may reactivate accounts within seven working days with previous benefits intact.
Senior management stated that ATM and online services are functioning, and full normalization may take another week. The interim board, led by Bangladesh Bank’s executive director Mohammad Zahir Hossain, is working to form a new five-member board to restore stability and depositor confidence.
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