Wednesday, 20 October, 2021

BB asks banks to reinstate bankers

3,000 become jobless during the pandemic; BB investigation observes that proper procedures were not followed for terminating, forced retirement, or ‘voluntary’ resignation

  • Staff Correspondent
  • 17 September, 2021 12:00 AM
  • Print news
BB asks banks to reinstate bankers

Bangladesh Bank (BB) on Thursday directed banks to give back the jobs of those who ‘voluntarily’ resigned or were sacked during the Covid-19 pandemic.

The central bank also instructed them not to dismiss any officials or employees illegally.

The Banking Regulation and Policy Department of BB issued the notification to the top executives of the banks.

The notification also asked the banks to submit a report to the BB by September 30 after restoring the officials and employees to their earlier positions.

As a result, the officials and employees who were dismissed from jobs without a proven document of allegation raised against them will get back their jobs by the time set by the central bank.

The BB circular stated that bankers served in their profession despite being infected by the Covid-19. They even died of Covid-19 during the period. In these circumstances firing someone may create a panic in the financial sector.

Besides, if this tendency does not stop and officials and employees are not restored to their prior jobs immediately, meritorious people would not feel encouraged to join the banking service.

The BB in an investigation found that 3000 officials and employees were sacked or ‘voluntarily’ resigned from their jobs during the period.

In the investigation, the BB observed that proper procedures were not followed for terminating, forced retirement, or ‘voluntary’ resignation. Many of them alleged they have been forced to sign voluntary resignation papers.