The state-run Sonali Bank Managing Director and CEO Pradip Kumar Dutta got one year time extension of his service tenure.

Bangladesh Bank approved the time extension application yesterday for Sonali Bank MD and rejected for the Janata Bank Managing Director Aminur Rahman.

The existing service tenure of Sonali Bank MD will be expired on June 16.

On June 17, 2012, Pradip Kumar took the post of Managing Director of Sonali Bank after unearth of hallmark scam.

He was appointed to bring discipline and to strengthen the internal structure of the bank. But many allegations rose against him about his efficiency of bank management as the bank victims two times of robbery during his tenure.

After that, Sonali Bank board of directors sent a recommendation to finance ministry to extend his tenure. Bangladesh Bank extended his tenure following the positive signs of high officials of the government on the matter.

On the other hand, service tenure of Aminur Rahman will be expired on July 27.

The central bank rejected his application time extension following the finance ministry instruction said source.