Banking diploma mandatory for NBFI officials too
Bangladesh Bank yesterday made having a banking diploma mandatory for the promotion of officials of non-bank financial institutions (NBFIs) to the post of senior officers and above.
The decision came just two weeks after making it a must for bankers' promotion, a move which has drawn criticism.
The central bank, in a notice today, said the officials will need to have junior associate or diploma associate certificates from the Institute of Bankers, Bangladesh for promotion to all posts equivalent to senior officer or above.
The new rule will become effective from January 1 of this year 2024, according to the Bangladesh Bank.
Kanti Kumar Saha, vice chairman of Bangladesh Leasing and Finance Companies Association, said it is a very good initiative by the Bangladesh Bank.
"However, the time given for its implementation is too short to get so many officials for diploma programme. There is also capacity issue of the training institute," he said adding that the institute might not be able to train all the bankers and NBFIs within such a short time.
Besides, curriculum for non-bank financial sector officials should be modified and different from the one for the bankers, said Saha, also chief executive officer at Lankan Alliance Finance.
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