Arif Quadri, managing director and CEO of United Commercial Bank (UCB), formally resigned from his post today. He had been absent from office ever since the Sheikh Hasina-led Awami League government was ousted by a mass uprising on August 5

The bank has also got new faces in the top tier

The central bank issued three separate letters to the banks

United Commercial Bank (UCB) will issue a non-convertible, unsecured, fully redeemable subordinated bond worth Tk 1,000 crore.