Dhaka, Jan. 30 -- Bangladesh Bank has issued a new directive for the promotion of officials in non-bank financial institutions (NBFIs), clarifying the requirement for the Banking Professional Diploma.

Under the updated instructions, NBFIs are now required to allocate 10 percent of the promotion marks to officials who have passed the two-phase Banking Professional Exam, formerly known as the Banking Diploma Exam, administered by the Institute of Bankers, Bangladesh (IBB).

Stock markets decline throughout week, investors left disheartened

This follows a similar directive issued on January 16 for banks, which also mandated the passing of the two-phase exam for promotions.

The Financial Institutions and Markets Department of Bangladesh Ba...