Regulatory Alerts2023-02-22
Added
DFIM Circular No. 01: Inclusion of Banking Diploma in the promotion policy as mandatory requirement for senior officer and above official of NBFIs
The Department of Financial Institutions and Markets of Bangladesh Bank mandates that passing both levels of the Banking Diploma offered by the Institute of Bankers Bangladesh (IBB) is a compulsory requirement for promotion to the Senior Officer position or any equivalent and higher rank within Non-Banking Financial Institutions. This policy does not apply to staff in roles directly involved in daily operations, such as doctors, lawyers, engineers, or those in broadcasting and publishing. The directive became effective on January 1, 2024, pursuant to the powers granted under Section 18(c) of the Financial Institutions Act, 1993.
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