Amid intense political controversy, Bangladesh Bank dissolved the board of directors of Islami Bank Bangladesh PLC. At the same time, the central bank appointed its executive director, Mohammad Zahir Hussain, to oversee the bank's operations. In a statement issued on Sunday, Bangladesh Bank said that under the Bank Company Act, the appointments of the bank's chairman and all directors had been cancelled in the interests of depositors and the public. Under Section 47(3) of the law, Hussain has been entrusted with exercising all powers and responsibilities of the board.

The central bank said he will lead the bank's management until further notice. The move represents a major intervention in the bank's administration amid continuing protests over the appointment of its chairman. Prior to the dissolution, Bangladesh Bank Governor Mostaqur Rahman met with the bank's managing director and other senior officials. On the same day, Bangladesh Bank provided Islami Bank with a special loan of Tk 25 billion to ease its liquidity crisis.

The licence of Ad-din Medical College Hospital, where six newborns tragically died last month, has been cancelled, effectively stripping the 700-bed private hospital of its permit to operate. The Directorate General of Health Services (DGHS) ordered the hospital authority not to admit any new patients and advised that they either transfer the existing patients to other hospitals or discharge them upon completion of their treatment. The decision to cancel the licence was taken after Health Minister Sardar Md Sakhawat Husain said they were not satisfied with the hospital's response to a show-cause notice issued by DGHS.

A DGHS investigation committee found clear negligence by the hospital authority, nurses and staff, as well as the absence of an on-duty physician in the post-operative room, to be responsible for the deaths of the six newborns. A writ petition has been filed with the High Court challenging the legality of the government's decision to cancel the license.

Distressed assets in Bangladesh's banking sector surged to more than Tk 11 lakh crore by the end of December 2025, exposing the fragile health of the country's financial system amid a historic surge in non-performing loans. According to the Financial Stability Report 2025, published by Bangladesh Bank this week, total distressed assets-a combination of gross NPLs, rescheduled loans, written-off loans, and loans stuck in court-reached alarming levels.

Gross NPLs alone stood at Tk 5,57,217 crore, accounting for 30.60 per cent of total outstanding loans. Outstanding rescheduled loans amounted to Tk 4,46,890 crore in 2025, representing a rise of Tk 1,70,503 crore over the year. Written-off outstanding loans reached Tk 83,479 crore, while loans under stay orders hit a record Tk 1,82,419 crore. The cumulative distress assets exceed Tk 11 lakh crore, indicating severe stress across the banking landscape. Total outstanding loans and advances reached Tk 20 lakh crore in 2025.

RAB arrested six more people, including "notorious criminal" Excel Babu, in connection with the stabbing of a mobile financial service (MFS) agent during a robbery and an attack on police in Dhaka's Adabor. The arrests were made during drives in Mohammadpur and Mirpur's Pirerbagh, officials disclosed at a press briefing held at the RAB Media Centre on Wednesday (Jun. 17).

One of the key detainees was identified as Farid Ahmed Babu, alias Excel Babu, whom RAB labels a "top criminal" operating in Mohammadpur. The five other suspects are Abu Sayeed, Rashed Khondokar, Md Liton, Md Tausif, and Md Tarikul Islam. Sayeed, during interrogation, identified himself as the "second in command" of the "Kobjikata Anwar" group. Babu is also a mentor figure linked to Anwar. Muggers hacked an MFS agent in Adabor on Tuesday and fled with a sum of money. Later that afternoon, when a police team went on a raid to catch the suspects, the criminals turned on the law enforcers.