Bangladesh Bank extends deadline for banks to settle disciplinary cases

Bangladesh Bank (BB) has extended the deadline for banks to settle disciplinary cases against their officials and employees, bringing the rule in line with the Bangladesh Labour Rules, 2015.

In a circular issued today, the central bank said disciplinary cases against bank employees must now be resolved within two months in accordance with the relevant service rules.

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The circular amends an earlier BB directive that required banks to settle such cases within one month.

The earlier circular introduced a standard policy for recruiting employees from other banks to help prevent disciplinary irregularities in the banking sector.

BB said the latest amendment was made to align the rule with the Bangladesh Labour Rules, 2015.

Issued under Section 45 of the Bank Companies Act, 1991, the directive takes immediate effect.

The central bank said all other provisions of the earlier circular will remain unchanged. These include accepting an employee’s resignation within seven days if no disciplinary case is pending and requiring employees to submit a Release Order from their previous employer when joining a new bank.

Under the existing rules, any officer dismissed for corruption, forgery, fund misappropriation or moral turpitude will remain permanently barred from working in the banking sector. If any of these offences are proven after an employee joins another bank, the previous employer can ask the new employer to dismiss the employee.