At a time when the entire when there is a widespread sensation over Assam Co-Operative Apex Bank Ltd's MD cum CEO's alleged anti-Assamese stand, Finance Minister Himanta Biswa Sarma has stepped down from the Assam Co-Operative Apex Bank's board (ACAB). Himanta was appointed as the board member of the bank. He was holding the post of Chairman of ACAB.

Biswajit Phukan, Vice Chairman, the Assam Co-operative Apex Bank Ltd, is likely to take charge as the new Chairman of ACAB.

In a Facebook post, Phukan wrote that the Finance Minister has given him the charge of Chairman as the Minister is now busy dealing with the COVID crisis.

The ACAB as a pioneer in Banking in Assam, has taken banking to the doorsteps of the people of the State and has been able to nurture and develop banking habits among the people of the State. This has changed the saving habits of people from the traditional methods to the modern banking facilities to earn remunerative returns for their savings invested with the Bank and utilize various attractive and innovative banking products offered by ACAB.