Bangladesh Bank has issued a new directive for the promotion of officials in non-bank financial institutions (NBFIs), clarifying the requirement for the Banking Professional Diploma.
Under the updated instructions, NBFIs are now required to allocate 10 percent of the promotion marks to officials who have passed the two-phase Banking Professional Exam, formerly known as the Banking Diploma Exam, administered by the Institute of Bankers, Bangladesh (IBB).
Stock markets decline throughout week, investors left disheartened
This follows a similar directive issued on January 16 for banks, which also mandated the passing of the two-phase exam for promotions.
The Financial Institutions and Markets Department of Bangladesh Bank issued the latest instruction on Thursday, ensuring consistency across the banking and financial sectors.
In a significant change, the new rule stipulates that starting January 1, 2026, passing the Banking Professional Exam will be a mandatory requirement for officials seeking promotion to higher positions in banks.
Some weak banks will merge, depositors will get back money: BB Governor
From February 1, 2025, it will be mandatory for officers joining or being promoted to senior officer or equivalent positions to pass this exam before being considered for further promotions.
This condition must be explicitly stated in the promotion or appointment letters moving forward, according to the instructions.