, Sept. 7 -- Bangladesh Bank (BB) has instructed all scheduled banks to formulate or update a comprehensive Human Resource Management Policy by March 31, 2027, to ensure good governance, stability, and transparency across the banking sector.

The central bank issued the directives through BRPD (Banking Regulation and Policy Department) on Monday (September 7), aiming to protect depositors' interests and establish a merit-based HR structure.

To strengthen corporate governance, banks must incorporate 18 key components into their board-approved policies. These include recruitment, probation, and succession planning for C-suite executives, code of conduct, whistle-blower policies, harassment prevention, and grievance resolution systems.

The...