Banking diploma must for Bankers: BB

Staff Reporter :
Without the banking diploma, bank officers will not be promoted at any stage from senior officer and equivalent posts to general manager and equivalent posts.
Bangladesh Bank (BB) has issued a circular on yesterday, making banking diploma pass mandatory for promotion in these steps.
As of the Wednesday’s new circular, the previous circular on 13 October-2020 regarding banking diploma examination will be suspended, the central bank said.
The directive regarding the promotion will be effective from the first of January, 2024.
In order to increase the skills, qualifications and capabilities of the bank officers, it is mandatory to pass both phases of the banking diploma for inclusion in the eligibility list for promotion to senior officer or equivalent positions, according to the latest BB circular.
However, the directive will not apply to those not directly involved in banking activities, such as doctors, engineers (civil engineering, mechanical engineering, electrical engineering and IT) and officials working in publicity and publication positions.
Meanwhile, The Institute of Bankers Bangladesh (IBB) conducts Banking Diploma Examination in two phases for the officers and employees working in Banks.
The main objective of this exam is to increase the decision-making ability of bankers by acquiring basic knowledge related to the banking sector.
Apart from this, banking diploma exam also plays a vital role to obtain professional knowledge of bank officials.
Despite of its necessity, there are some concerns among the bankers about the banking diploma regarding the management of the banking diploma including high fees for examination, answer sheet evaluation, and the low passing rate etc.