Ironically, the NY Times is pitching this as a war against women, despite the fact that the Bangladesh Prime Minister is female. As an aside, the discrimination that makes this microlending successful would be illegal in the US.
Beyond the damage done to the bank, the bigger issue is the perverse incentives that the government move creates:
...what it tells us is that if you try to make a difference you’ll be kicked and disgraced. I think that sends the worst possible message.