Government cracks down on lobbying for promotions in bank jobs
Staff Correspondent
The government has introduced new policies for promotions within state-owned commercial and specialized banks, with a strict new rule: any lobbying or recommendations for promotion will now be considered "misconduct."
The Financial Institutions Division of the Ministry of Finance issued two separate policy circulars today (Monday), making this a first-of-its-kind provision in the country's banking sector.
One policy covers permanent employees of the six state-owned commercial banks: Sonali, Rupali, Janata, Agrani, Basic, and Bangladesh Development Bank PLC (BDBL). The other policy applies to six specialized banks and two financial institutions, including Bangladesh Krishi Bank, Rajshahi Krishi Unnayan Bank, Probashi Kallyan Bank, Karmasangsthan Bank, Ansar-VDP Unnayan Bank, Palli Sanchay Bank, Investment Corporation of Bangladesh (ICB), and Bangladesh House Building Finance Corporation.
The new rules apply to promotions for positions ranging from Senior Officer to Deputy General Manager (DGM) within these institutions.
According to the new guidelines, promotions will be based on a combination of factors, including:
Educational qualifications
Satisfactory job records
Merit and work efficiency
Training
Integrity
Seniority
A minimum of a bachelor's degree is now required for an employee to be eligible for promotion under this new policy. The new measures are aimed at ensuring a more transparent and merit-based promotion system.
