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Slight raises proposed for BB and state-owned banks’ employees

  • Published at 07:46 pm August 21st, 2013
Slight raises proposed for BB and state-owned banks’ employees

The secretary-level committee on new pay scales for Bangladesh Bank (BB) and state-owned commercial bank employees has advised a slight raise in pay compared with the recommendations of the Finance Minister AMA Muhith and the demands of the bank employees.

At a meeting on August 7,Chairman of the secretaries’ committee, Cabinet Secretary Mohammad Musharraf Hossain Bhuiyan and Finance Secretary Fazla Kabir recommended to increase the salaries and allowances by a fraction of that which the finance ministry proposed.

The committee has also decided on a separate pay scale for the Bangladesh Bank and a unified pay scale for the three state-owned banks, Sonali, Janata and Agrani.

It also advised that the income of the employees of these banks be paid from the banks’ own funds while additional allowances should not be given to the staff of BB and state-owned banks as per the financeminister’s proposal tabled this January.

The committee advised that the existing 19 grades of staff be incorporated with the 11 grades mentioned in the ministry’s proposal.

Cabinet Secretary Mohammad Musharraf Hossain told the Dhaka Tribune that another meeting will be required to finalise the two separate pay scales.

He, however, said the finalised pay scale would not be completed if other members of the secretary committee differ in opinion.

Meanwhile, cabinet division sources said the meeting of the secretaries’ committee is scheduled to be held on September 1.

The finance minister’s proposed pay scale was put to the secretary-level committee this January for assessment, prior to sending it for approval from the Prime Minister. According to the proposal, the highest gross salary of a general manager will be Tk64,000.

Finance minister AMA Muhith earlier rejected a draft of the pay scale submitted by the Bangladesh Bank and state-owned commercial banks which demanded hikes of up to 80% for the basic salary of their employees.

According to the latest proposal, the employees of Bangladesh Bank and state-owned banks will get house rent equivalent to 65 percent of their basic wage, 10 percent as conveyance allowance and another 10 percent of the basic wage as recreation allowance.

Furthermore, the festival bonus for staff will be increased or slashed depending on the income of the respective bank in which the staff members work.

The national pay scale committee took the salary structure of three private commercial banks and the government pay structure into consideration when preparing the new pay scale, the proposal said.

However, salaries of the governor and deputy governors of BB, and chief executives of the state-run banks, will be fixed by the government, as per the proposal.

The basic salary of a general manager (GM) will be Tk52,000 with the gross salary amounting to Tk64,000. A deputy GM will get Tk42,000 as basic salary, while the gross salary cannot exceed Tk56,000.

According to the proposed pay structure, the basic salary of an assistant general manager will be Tk34,000 with a gross salary of Tk49,000, a senior principle officer will receive a gross salary of Tk44,200, principle officers Tk39, 200, senior officers Tk33,600 and officers Tk 32,100.

An entry-level officer (provisional officer) will receive Tk10,000 as a basic salary, while the gross salary will be Tk26,600.