Direct link to scholarships offered by  Govt. of India

List of Private NGOs offering scholarships

Abu Marwan Abdal Malik Ibn Zuhr: ‘Avenzoar’

Abu Marwan Abdal Malik Ibn Zuhr, known in the west as Avenzoar, was

Ummid Assistant

IDB Scholarship Program: Application form can be downloaded from here

Welcome Guest! You are here: Home » International

Bangladesh's Grameen bank chief Yunus steps down

Friday May 13, 2011 08:09:13 AM, IANS

Related Articles

Bangladesh apex court confirms Yunus removal from Grameen Bank

The Bangladesh Supreme Court Tuesday confirmed the removal of Nobel Laureate Muhammad Yunus as the managing director of the Grameen Bank that he had founded in 1976. The Appellate Division of the Supreme Court dismissed   »

 Yunus moves apex court against removal from Grameen Bank

Yunus loses appeal against ouster from Grameen Bank

Dhaka: Bangladeshi Nobel laureate Muhammad Yunus stepped down as the Grameen Bank Managing Director Thursday night, Xinhua reported.

"I am today (Thursday) relinquishing the post of Managing Director of Grameen Bank," said Yunus in a statement.

He said he took the step to "prevent undue disruption of the activities of Grameen Bank and to ensure my colleagues and our eight million members, and owners of the bank, are not subjected to any difficulty in discharging their responsibilities. "

Earlier in the day, Bangladeshi Finance Minister AMA Muhith announced that Deputy Managing Director Nurjahan Begum will be the stand-in managing director.

Yunus lost his final legal battle May 5 against the High Court judgment on his removal from Grameen Bank as the appellate division of Bangladeshi Supreme Court (SC) declined to recall its earlier order.

Yunus had sought withdrawal of the SC order April 5 that dismissed his leave-to-appeal petition filed against the High Court verdict April 3 upholding the Bangladesh Bank order removing him from the post.

The High Court Division bench of Bangladesh March 8 had dismissed the Nobel laureate's writ petition filed March 3 challenging the legality of the central bank order which had dispelled him from the post of Grameen Bank's managing director.

Yunus was relieved by the Bangladesh Bank (BB) March 2 from his position as the managing director in the Grameen Bank, with which he shared the Nobel Peace Prize in 2006.

The High Court bench said the micro-credit pioneer's serving as the Managing Director of the Grameen Bank since 1999 was illegal as he was then beyond 60 years old.

The managing director's position at Grameen Bank is an official one and one cannot hold it for an unlimited period, it added.

BB in its letter said Yunus did not seek its approval when he was reappointed as the managing director of the bank in 2000, violating one of the statutes of the partly state-owned Grameen Bank in which the government has 25 percent share.





  Bookmark and Share                                          Home | Top of the Page


Note: By posting your comments here you agree to the terms and conditions of

Comments powered by DISQUS




Top Stories

India set for history-making election outcome

India prepares to count Friday the millions of votes cast in five states, the results widely tipped to end more than three decades of Communist rule in West Bengal, cause upsets in possibly two states  »

Congress, opposition confident of winning in Assam

Any which way, Bengal braces for historic verdict


  Most Read

India pledges another $500 mn to Afghanistan, discusses terror post-Osama

India Thursday assured another $500 million in development assistance to Afghanistan and pledged to stand by the country "through thick and thin" as Prime Minister   »

Government on image-building drive

The 24-month-old Manmohan Singh government, hit by several corruption scandals, Thursday began an image-building drive by launching press briefings by a select group of ministers, sidelining the Press Information Bureau (PIB).  »

As parties play politics of land, divides deepen


  News Pick

Gaddafi appears on state television

Footage of Libyan leader Muammar Gaddafi meeting tribal leaders was broadcast on state television   »

NATO doesn't know if Gaddafi is dead or alive

Bangladesh apex court bans fatwa as punishment

Bangladesh's Supreme Court Thursday ruled against 'fatwa' (Islamic religious edict) being issued as punishment against hapless women. The Supreme Court modified a High Court verdict of 2001, saying that no person can pronounce  »

Apex court notice to Narendra Modi on police officer's plea

The Supreme Court Thursday issued notice to Gujarat Chief Minister Narendra Modi on a petition by a Gujarat cadre Indian Administrative Service (IAS) officer, Pradeep Kumar Sharma, seeking a CBI probe into the   »

India signs Nagoya Protocol on genetic resources

India has signed the landmark Nagoya Protocol linking conservation and sustainable use of biological diversity with development. The Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilisation was signed here Wednesday by India's  »

19 killed, hundreds injured in clashes across Yemen

At least 19 people were killed and hundreds of others injured when Yemeni security forces opened fire to disperse the protesters in Yemen's capital city and provinces Wednesday, Xinhua reported. In Sana'a, security  »


Picture of the Day

Vice President Mohd. Hamid Ansari addresses after releasing the special issue of “Think India” quarterly on Faiz Ahmad Faiz, in New Delhi on May 10, 2011. Also seen in the picture is Member Planning Commission Dr Syeda Hameed among others.

(Photo: Hansraj)



RSS  |  Contact us

| Quick links



Subscribe to

Ummid Assistant






About us




Government Schemes











Contact us





      Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

© 2010 Awaz Multimedia & Publications. All rights reserved.