MD pick for state banks likely to be delayed

Posted by BankInfo on Sat, Aug 30 2014 12:33 pm

The banks yesterday sent letters to the Division seeking its representatives for three-member committees

The appointment of managing directors to state-run banks might be delayed by two months as search committees were yet to be formed, said an official at Bank Division.

Janata Bank and BASIC Bank sought members to Bank and Financial Institutions Division to form search committees for MDs.

The banks yesterday sent letters to the Division seeking its representatives for three-member committees, said official sources.

As per the government decision, five state-owned banks will form three-member committees to search for “non-political” MDs. Each of five committees will have a representative from Bank Division.

In a circular, the Bank Division asked the state-owned banks this month to formulate three-member search committees.

The state-owned banks are Sonali, Janata, Agrani, BASIC and Bangladesh Development Bank Limited.

As per the circular, the committee will select three candidates for MD post and send the selections to the Bank Division. The division will pick one from them for appointment.

The bank will seek consent from Bangladesh Bank for the final selection before appointing.

Some of the existing and former MDs the state-owned banks havestarted lobbying to get back the jobs,said a high official of the Banking Division.

News:Dhaka Tribune-30-Aug-2014

Posted in Banking, News

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