Home ›› 23 Jan 2022 ›› Front
A forum of top bank officials says it will assess the impact of the central bank’s latest move fixing private bankers’ salaries and allowances.
The Bangladesh Bank on Thursday set Tk 28,000 as the minimum entry-level salary for private bankers. It said the minimum salary of entry-level officials would be Tk 39,000 after the probation period.
“We received the central bank’s notice on Thursday night, and so its effects have not been analysed yet,” said Selim RF Hussain, the chairman of the Association of Bankers Bangladesh (ABB).
Hussain, also the managing director and CEO of Brac Bank, said they would discuss the issue before implementing the directive.
Mutual Trust Bank’s Managing Director and CEO Syed Mahbubur Rahman said that his bank would hold a meeting today to discuss the matter.
Policy Research Institute of Bangladesh’s Executive Director Ahsan H Mansur said that in principle, the central bank cannot issue such circulars.
“Bangladesh Bank should not interfere in private institutions in case of officials’ salary,” said Mansur, also the chairman of Brac Bank.
After implementing the minimum salary, banks will have to proportionately increase the salaries of other officials who have been working at the same positions, the BB circular said.
“Any bank official cannot be forced to resign without any specific and proven allegations and deposit mobilisation achieving target cannot be imposed for job security or salary rises,” the BB notice read.
The minimum starting salary and allowances for messenger, cleaner, security guard, support staff or similar position or any other lowest post will be Tk 24,000.
