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Separate pay scales ‘ready for execution’

  • Published at 08:59 pm November 14th, 2013

The government will execute the recommendations of the secretaries’ committee on the separate pay scales for Bangladesh Bank and four state-owned commercial banks from next week.

Prime Minister’s Office sent secretary committee separate pay proposals of Bangladesh Bank and four state owned banks to Bank and Financial Institution Division on Thursday for executing although the Prime Minister Sheikh Hasina singed separate pay proposal a week ago without giving any comment , said a senior official of Bank and Financial Institution Division .

The official said the committee’s recommendations for a Tk2,000 hike and reconstitution of 11 pay grades instead of the existing 19 would be sent to the implementation division of the Finance Division for issuing a circular.

Earlier, Banking Division Secretary Dr Aslam Alam said the new pay scales would be implemented from November if the boards of directors of Bangladesh Bank and the four state-owned banks – Sonali, Janata, Agrani and Rupali – wanted.

The National Pay Scale grades 6-8 for Sonali, Janata, Agrani and Rupali banks will become one grade while grades 10-11, grades 12-14, grades 15-16, and grades 17-19 will constitute another three grades. An extra increment will be given to higher grades.

At present, the four government commercial banks have roughly 90,000 officers and employees while the central bank has about 6,000 staff members.