[3] On 8 February 2023, Bangladesh Bank has issued a circular stating that passing Banking Professional Examination both parts (JAIBB & AIBB) is mandatory from 1 January 2024 for all bankers to get promoted to any higher grade from senior officer except managing director.
[4][5][3] However, many bankers, finance professionals, economists and related personnel expressed mixed reactions to the new circular.
The COUNCIL or Parishad (Consisting of 30 members; all are from deputy governors and Managing Directors (Running/ Ex) of all Banks/ NBFIs) and Fellows governs the institute.
The Chief Executive Officer/ Director General of IBB will be appointed by the COUNCIL for 02 (two) years on contractual basis.
Besides, a Secretary (deputation from Bangladesh Bank equivalent to `Executive Director'(ED) rank) is responsible for the overall management of the organization.