The chairmen and chief executive officers of state-owned banks and financial institutions will come under a performance contract which is expected to ensure their accountability.
The government is scheduled to start signing of the contracts with the banks and financial institutions from today, officials said.
State Minister for Finance MA Mannan would attend the signing ceremony at the Finance Division.
Bank and Financial Institutions Division Secretary M Aslam Alam will sign the contract on behalf of the government while CEOs or managing directors and chairmen of the banks and financial institutions will sign it for their respective organisations.
Under the performance contract, the chairmen and CEOs would lose their job if they fail to perform as per the contract, which would include recovery of default loans, and maintaining loan limits and capital adequacy ratio.
Earlier, the chairmen and CEOs were accountable to Bangladesh Bank for their performance.