Regulatory Alerts2022-01-25
Added
BRPD Circular Letter No. 04: Regarding salary of entry level officials and employees of bank-company
The Bangladesh Bank clarifies that Circular Letter No. 02 does not prohibit dismissing employees for incompetence or denying promotions for failing to meet deposit collection targets. The circular explicitly states that administrative actions, including dismissal or forced resignation, may be taken against officials and employees if there are specific and proven allegations, in accordance with the bank's own policies and rules. This directive aims to correct misinterpretations that previously suggested such actions were forbidden under the guise of incompetence.
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