Bangladesh bank: Bangladesh Bank (BB) has instructed all scheduled banks to formulate or update a comprehensive Human Resource Management Policy by March 31, 2027, to ensure good governance, stability, and transparency across the banking sector.
According to United News of Bangladesh, the central bank issued the directives through BRPD (Banking Regulation and Policy Department) on Monday, September 7. The aim is to protect depositors’ interests and establish a merit-based HR structure within the banking sector. To strengthen corporate governance, banks are required to incorporate 18 key components into their board-approved policies. These components address various aspects of human resource management, including recruitment, probation, succession planning for C-suite executives, code of conduct, whistle-blower policies, harassment prevention, and grievance resolution systems.
The circular also outlined several mandatory guidelines regarding recruitment and academic certificate verification, which are effective immediately. For direct entry recruitment, positions requiring no prior experience-such as Management Trainee Officers, Probationary Officers, Trainee Assistant Officers, and Cash Officers-must be advertised widely, including on bank websites, job portals, and national daily newspapers, to ensure equal opportunity.
Recruitment for entry-level posts must undergo a competitive process involving objective or written assessments and viva voce exams. Additionally, higher-level lateral hires must also undergo a competitive evaluation, with at least a viva voce (oral interview) being mandatory. Banks are required to verify the latest academic certificates of newly hired employees within one year of joining. For existing staff hired before this circular was issued, verification must be completed by March 31, 2027.
Lateral hires are exempt from re-verification if their certificates were already verified by their previous bank. The previous bank must issue a release order certifying the verification, thereby eliminating the need for re-verification from the issuing institution. To prevent fraud, banks must take administrative action if any employee submits forged educational or professional certificates during recruitment or promotion. Such incidents must be recorded and uploaded to the central bank’s Corporate Memory Management System (CMMS).