Banks asked not to terminate employees for failure to fulfill target of deposit

Bangladesh Bank (BB) has asked banks not to terminate any officials or employees due to their failure to fulfill the target of deposit collection.

Banks also will not be allowed to either postpone the promotion or ask to resign their officials or employees, if the officials or employees fail to achieve the target of deposit collection, as per a BB circular issued on Tuesday.

The central bank issued the circular in clarification to a previous circular released on January 20.

As per the circular, BB did not impose any embargo on banks to take action against the employees who breach the banking norms.