Assuming the bank officials compulsory retirement is rising

Economic Reporter: Abdul Huq (pseudonym), got a job in a commercial bank of the country in 1993. At one time, the officer received the post of executive vice president in the bank. Finally, on July 10, 2013, Abdul Huq was forced to retire from service. He has not received any retirement benefits from the bank even after six months of retirement. In this regard, Abdul Haque complained to the Bangladesh Bank at that time. However, the board of directors of the commercial bank complained against the officer, saying that due to illegal loan, his retirement facilities were canceled. Later, the Bangladesh Bank did not get any evidence of the allegation. Such retirement or resignation is not just a bank. In most of the banks, compulsory retirement or resignation is happening every time. Analysts in the financial sector say that introducing the licensing system for the banking sector will solve many problems. There is a professional license, but not in banking.
Former adviser to the government's adviser AB Mirza Azizul Islam said many banks were pruning on the basis of skill. However, due to changes in the ownership of several banks, compulsory remedies can be increased. It's never good for good governance. In case of removal or pruning, the law must be followed.
A study of human resources management of banks in the year 2017 has shown that the compulsory resignation of middle-class and senior officials in commercial banks has been increasing steadily. 29 percent of the banks are involved with such bitter experiences of themselves or colleagues. Bangladesh Institute of Bank Management (BIBM) has prepared reports on data from 26 sample banks of the country. Where it has been said, 9 thousand people in the bank sector decreased in 2010 compared to 2016. In addition, 5,700 people resigned compulsively in 2017.
Some senior officials of the country's biggest commercial bank have resigned. In the last 16 months, the chairman and managing director (MD) of the bank were changed several times. Apart from this, the top five officers, including three DMDs, were freed from Islami Bank's management management on April 5 last year. The officials removed are - Additional Managing Director (AMD) Md. Shamsuzzaman, deputy managing director Habibur Rahman Bhuiyan, FCA, DMD Abdus Sadek Bhuiyan, DMD Mohammed Mohan Mia and senior executive vice president (SVP) Amirul Islam. It is learned that the board of directors forced them to step down before the contract expired. The contract for all except the SVP was one year.
Meanwhile, unrest in BRAC Bank's human resources management is not a new phenomenon. Employee pruning has become a routine event in the bank. On condition of anonymity, an official of BRAC Bank's head office said that a large number of officials were pruned in this bank every year. More than 200 officials were truncated this year. A list of more than 200 people has been heard. The official further said that since the introduction of the new MD, pruning is going on in a big way. Since coming, he has been recruited by old employees and appointed new officers. We are afraid of the old officials.
According to sources, in recent times some banks have started reducing the officials without showing any kind of reason. Again, in some cases an officer resigns to go to another bank, he is being suspended without accepting it. As a result, they are being deprived from the next facilities. The bank officials are working in a kind of panic. On the other hand, after Bank Hour (fixed hours), they have been kept in the bank for a long time for additional work. And sometimes there are allegations of harassment happening after the women officers are held in the excuse of doing any work, the central bank has complained.
Professor Yasin Ali, former Executive Director of Bangladesh Bank and Professor Yasin Ali, Superintendent of BIBM said, old workers will not be available in many banks today. Most banks will not be available for 18 years (whose job is 18 years old). There are vacancies in many banks. There are 16,000 vacancies in the state-owned bank.