The Financial Institutions Division of Bangladesh's Ministry of Finance issued a new policy on July 26, 2026, governing the nomination, appointment, promotion, and posting of top executives in state-owned banks and financial institutions.
Under the policy, the government will only nominate managing directors for six state-owned commercial banks, including Sonali and Janata, while the banks' boards will appoint them after obtaining a no-objection from Bangladesh Bank.
For six specialized banks, including Krishi Bank and RAKAB, and financial institutions such as BHBFC and ICB, the government will continue to appoint managing directors directly.
The policy also states that the government will handle promotions, postings, and transfers of deputy managing directors and general managers across all three types of institutions.
Financial Institutions Division Secretary Nazma Mobarak said the division previously gave nominations but the policy language said 'appointment'; now the language has changed to reflect that the division cannot appoint.
She added that as part of deregulation, only managing director files will now go to the Prime Minister's Office, while the Finance Minister will approve deputy managing director and general manager files.
The policy introduces a 100-point evaluation system for promotions, with the annual confidential report worth 40 points, educational qualifications 15, job experience 15, job record 10, banking professional exams 5, and interview 10.
Two committees will be formed: a seven-member committee headed by the Finance Minister for managing director nominations, and a committee headed by the Bangladesh Bank Governor for deputy managing director and general manager promotions.