Central Bank leadership overhaul as Mostakur Rahman succeeds Ahsan H Mansur

Amid ongoing debate over reform initiatives in the banking sector, Dr. Ahsan H Mansur has been removed as Governor of the Bangladesh Bank.

Dr. Mansur has been succeeded by Mostakur Rahman, who has been appointed as the new Governor.

Since assuming office, Dr. Mansur had taken an active role in efforts to restore discipline in the banking sector, curb non-performing loans, strengthen supervision, and advance policy reforms.

In his tenure, he adopted a firm stance on restructuring weak banks, reshuffling boards of directors, and enhancing internal oversight mechanisms.

While his reform measures drew support from advocates of structural change, they also generated dissatisfaction within sections of the banking industry.

In recent weeks, controversy emerged after several central bank officials reportedly described the Governor as “authoritarian.” Three officials were subsequently served show-cause notices, and a number of administrative reshuffles followed as part of internal reorganisation—developments that sparked widespread discussion in banking circles.

Newly appointed Governor Mostakur Rahman is known to have been closely involved in the central bank’s internal operations and policymaking processes for years. He now faces the challenge of maintaining the momentum of ongoing reforms while ensuring overall financial stability in the country’s banking sector.