Retired bankers can join banks as director: Cenbank
From now, retired bankers can rejoin banks as directors, said a Bangladesh Bank circular on Sunday.
"Officials from any bank can become directors of the bank five years after retirement or expiry of contract," reads the circular.
Earlier, in 2021, appointment of retired bankers was restricted to board members of the same bank they served.
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A high official of the central bank said that the same facility [reappointment] was earlier provided for Non-Bank Financial Institutions (NBFIs). It has now been applied for banks.
In August last year, the Bangladesh Bank restricted the appointment of external auditors, legal advisers, advisers, consultants or officials who have worked in a financial institution in the previous five years as a board member of the same organisation.
