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The Bangladesh Bank has now made the two-part diploma of the Institute of Bankers, Bangladesh (IBB) mandatory for the promotion of senior officers or above officials for the non-banking financial institutions (NBFIs) after the banks.
In a circular published today, the Department of Financial Institutions and Markets (DFIM) of the central bank said the new decision has been made with an aim to increase the efficiency, skills and capacity of the NBFIs officials.
The decision will come into effect from January 1, 2024.
Earlier on February 8, the Bangladesh Bank made the two-part diploma of the Institute of Bankers, Bangladesh mandatory for the promotion of bankers holding positions of senior officer or above, except for managing director and the immediate juniors, in all scheduled banks.
The circular said officials will receive marks against the two parts of the IBB diploma – Junior Associate and Diploma Associate – to get promoted. However, the rule will not be applicable for officers such as doctors, engineers and IT professionals who work in banks, but are not directly involved in banking activities.
(DS)
