The Bangladesh Bank on Tuesday announced that no banks will be allowed to fire any employees for failing to meet the deposit mobilization targets.
Earlier on January 20, the central bank published a notice asking banks not to deny their staff promotions if they fail to meet business targets, however, that notice did not mention anything about terminating non-performers.
In that notice, Bangladesh Bank also mentioned that the opening salary of support staff, messengers, cleaners, security guards, or equivalent positions should be Tk24,000 and entry-level salary of assistant officers, trainee assistant officers, trainee assistant cash officers or equivalent officials would be getting a minimum of Tk39,000 monthly after the end of probation period.
Industry experts and bankers have raised questions regarding the new pay structure as they believe this could have a negative impact on the industry and decrease profitability.
