BB now makes banking diploma compulsory for promotion in NBFIs

After making banking diplomas mandatory for promotions of senior officers in banks, the central bank has issued another circular stating that a similar requirement will apply to non-banking financial institutions (NBFIs) officials.

The Bangladesh Bank issued a circular in this regard on Wednesday.

The decision has been taken to increase the efficiency, skills and capacity of NBFIs officials, said the national bank’s circular issued by its Department of Financial Institutions and Markets (DFIM).

The decision will be effective from next year.

The notification said the new requirement won’t be applicable to those not directly involved in banking activities. The exceptions are doctors, and engineers (civil engineering, mechanical engineering, and electrical engineering).

Earlier on February 8, the BB made the two-phase banking diploma (JAIBB I DAIBB) from the Institute of Bankers, Bangladesh, (IBB) mandatory for the promotion of senior officers in banks.