Financial Institutions Division
Profile
- Head
- Md. Zakaria
- Role
- Secretary
- Annual budget
- n/a
- Staff
- n/a
- Established
- 2001
- Legal basis
- Rules of Business 1996 (amended); Bangladesh Bank Order 1972; Bank Companies Act 1991; Financial Institutions Act 1993
Provenance & notes
FID is one of four divisions of the Ministry of Finance (alongside Finance Division, Economic Relations Division, and Internal Resources Division). It exercises administrative ownership over six state-owned commercial banks: Sonali, Agrani, Janata, Rupali, BASIC, and Bangladesh Development Bank, plus three specialised banks (Bangladesh Krishi Bank, RAKUB, Probashi Kallyan Bank), plus non-bank financial institutions and insurers. The established_year of 2001 is based on the Wikipedia article on FID indicating it was carved out as a separate division; the Bank and Financial Institutions Division existed under the MoF framework from 2001 per the Rules of Business. Secretary Nazma Mobarek held the post prior to March 26, 2026; Md. Zakaria (formerly Chairman, Bangladesh Food Safety Authority) took over on that date per BSS and TBS. BB Governor Mostaqur Rahman (appointed February 25, 2026, joined February 26, 2026) replaced Ahsan H Mansur; the governor change was the most significant single event in the FID's operating environment in this window. The Sammilito Islami Bank merger is FID-adjacent (Bangladesh Bank leads the banking resolution; FID manages the government capital stake). All figures verified against 2+ primary sources. Activity evidence hold: removed 2 exact generated refresh event(s) on read. Generated scores, positions, activity actions and verification stamps are unavailable. Retained events and unmatched action text require source review; original raw records are unchanged.
Sources
- https://fid.gov.bd/
- https://en.wikipedia.org/wiki/Financial_Institutions_Division
- https://www.bssnews.net/news/371758
- https://www.tbsnews.net/bangladesh/govt-reshuffles-top-bureaucracy-appoints-new-secretaries-12-ministries-and-divisions
- https://www.thedailystar.net/business/news/md-mostaqur-rahman-new-bangladesh-bank-governor-4114756
- https://www.bssnews.net/news-flash/363813
- https://www.tbsnews.net/bangladesh/process-underway-appoint-new-bb-governor-replacing-ahsan-h-mansur-sources-1370886
- https://www.tbsnews.net/bangladesh/bank-resolution-bill-passed-parliament-amid-opposition-objections-1408141
- https://www.thedailystar.net/business/banking/news/bank-resolution-act-2026-doors-open-ex-owners-reclaim-banks-4149496
- https://www.thedailystar.net/business/economy/news/reforms-tied-17b-wb-loans-govt-mulls-changing-bank-merger-clause-4177456
- https://www.tbsnews.net/economy/banking/govt-plans-merger-state-owned-banks-two-strengthen-governance-bb-governor-1340061
- https://www.newagebd.net/post/banking/292904/bb-governor-to-continue-merger-of-5-banks
- https://www.thedailystar.net/business/news/sammilito-islami-bank-gets-final-licence-4047446
- https://practiceguides.chambers.com/practice-guides/banking-regulation-2026/bangladesh
- https://bbf.digital/why-2025-marked-a-turning-point-for-bangladeshs-banks-record-npls-landmark-mergers-and-sweeping-reforms-reshape-a-sector-long-plagued-by-political-capture