The Sikder family has apparently lost its grip on National Bank Ltd as Bangladesh Bank has appointed a new board for the country’s first private bank.

After the press conference, the bank officials offered packets with snacks to journalists. However, after taking the packet, journalists noticed that it contained an envelope with Tk 5,000 inside

National Bank officials do not want the bank to merge with another entity.

United Commercial Bank (UCB) is likely to take over trouble-ridden National Bank Ltd (NBL), according to officials of the lenders.