Insurance Development and Regulatory Authority member Fazlul Karim was made acting chairman of the regulatory body as the tenure of M Shefaq Ahmed expired on January 26.
Bank and Financial Institutions Division of the finance ministry issued a circular on Wednesday in this regard. The tenure of Nurul Islam Mollah, who was the only IDRA member other than Karim, ended on Wednesday meaning that the regulatory body is now governed by only the acting chairman. The term of two other IDRA members — Naba Gopal Banik and Sayeed Ahmed Khan — ended earlier in a span of about six months.
-With New Age input
