Regulatory Alerts2025-01-30
Added
DFIM Circular No. 01: Regarding Banking Professional Exam
Finance companies must allocate 10% of promotion scores for senior officer promotions to passing the Institute of Bankers Bangladesh (IBB) Banking Professional Exams, with specific mandatory pass requirements for new hires and promotions effective February 1, 2025. Companies are required to provide minimum financial incentives of BDT 35,000 for Level 1 and BDT 50,000 for Level 2 exam passes starting from the 99th exam. The circular repeals previous directives on this matter but exempts non-core roles such as doctors, lawyers, engineers, and marketing staff from these requirements.
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