Bangladesh Bank responded very late in dealing with the ailing Farmers Bank, former central bank governors and senior economists said.

Muhiuddin Khan Alamgir, chairman and Md Mahabubul Haque Chisty, chairman of the audit committee, are forced to resign from the trouble-hit Farmers Bank's board of directors.

The Supreme Court directs Bangladesh Bank to allow Farmers Bank to seek review of the central bank’s order that fined the bank Tk 10 lakh for concealing information.

Mahabubul Haque Chisty, chairman of the Farmers Bank's executive committee, is at the centre of controversies surrounding the newly established bank.