Md Obayed Ullah Al Masud Explained

Md Obayed Ullah Al Masud is a Bangladeshi banker who was the Managing Director of Sonali Bank and Rupali Bank. He is a director of Padma Bank.[1]

Early life and education

Masud completed his Bachelors and Masters in Commerce from the University of Dhaka in 1982.[2] He completed an MBA from the Institute of Business Administration, University of Dhaka in 1988.

Career

Masud joined Agrani Bank in 1983 as a senior officer.

In 2011, Masud became the Deputy Managing Director of Agrani Bank. He then worked as the Managing Director of Karmasangsthan Bank.[3]

From 24 August 2016 to 24 August 2019, Masud was the Managing Director of Sonali Bank. During his term he worked on recovering defaulted loans.[4] [5] He also introduced low interest housing loans for government officers.[6]

In January 2017, Masud was elected an executive member of Bangladesh Foreign Exchange Dealers' Association.[7] On 21 August 2019, he was appointed Managing Director of Rupali Bank and Ataur Rahman Prodhan replaced him as the Managing Director of Sonali Bank.[8] He retired from Rupali Bank on 27th August 2022.[9]

Masud represents Rupali Bank at the Metropolitan Chamber of Commerce and Industry.[10] During his tenure, Rupali Bank received criticism for a very generous rescheduling plan for loan defaulter Mother Textile.[11]

Personal life

Masud's brother, Hedayetullah Al Mamun, is the chairman of Janata Bank, a state-owned bank.[12] [13]

Notes and References

  1. Web site: Padma Bank Limited. 2021-12-10. www.padmabankbd.com.
  2. Web site: Rupali Bank Ltd.. 2021-12-10. www.rupalibank.org.
  3. News: Obayed joins as Rupali Bank MD and CEO. 2021-12-10. New Age. en.
  4. News: Obayed Ullah Al Masud new MD of Rupali Bank. 2021-12-10. Daily Sun. en.
  5. News: Uddin. AKM Zamir. 2019-01-21. Banks blame influential quarter for rising bad loans. 2021-12-10. The Daily Star. en.
  6. News: 2018-09-26. Low-interest home loans for govt staff from November. 2021-12-10. The Daily Star. en.
  7. Web site: 2017-01-01. BAFEDA new body formed. 2021-12-10. Bangladesh Development Reports. en-US.
  8. News: 2019-08-21. Sonali, Rupali MDs swap seats, Agrani's MD unchanged. 2021-12-10. The Daily Star. en.
  9. News: 2022-08-14. Mohammad Jahangir appointed new MD of Rupali Bank. The Business Standard. en.
  10. Web site: Dhaka. MCCI. Rupali Bank Limited. 2021-12-10. Metropolitan Chamber of Commerce & Industry, Dhaka (MCCI). en-US.
  11. News: Uddin. AKM Zamir. 2019-10-05. Outrageous offer for a defaulter. 2021-12-10. The Daily Star. en.
  12. News: Obayed Ullah Al Masud new MD of Rupali Bank. 2021-12-10. Daily Sun. en.
  13. News: Retired bureaucrat Hedayetullah Al Mamoon appointed Janata Bank chairman. 2021-12-10. bdnews24.com.