Bangladesh Bank (BB) Governor Fazle Kabir asked BRAC bank, City bank, Eastern bank and Mutual Trust bank, Dutch-Bangla bank and Standard bank to be ‘humane’.
They have laid off 3,313 employees during the coronavirus pandemic that began in March last year.
The central bank slammed these six banks after it found that they dismissed some 3,313 employees ignoring a BB instruction that no banker could be terminated during the pandemic.
The probe team also found that these six private banks did show on papers that over 3,000 of those employees had resigned willingly.
The highest number of layoffs happened in BRAC Bank with 1,260 employees gone, followed by City Bank (1,102), Dutch-Bangla Bank (448), Eastern Bank (201), Standard Bank (152) and Mutual Trust Bank (150).
According to a BB report, 3,070 of the terminated staff of those banks were admitted to the central bank investigation team.
Source: Business Insider