With the new appointments, the number of deputy governors at the central bank will be four
The Bangladesh Bank is finally going to get two more deputy governors after a one-year search as the finance ministry has sent a proposal of the final candidates to the Prime Minister's Office for approval.
The two selected candidates are Kazi Sayedur Rahman, executive director at the Bangladesh Bank, and Md Ali Hossain Prodhania, managing director at the Bangladesh Krishi Bank.
With the new appointments, the number of deputy governors at the central bank will be four.
After the reserve heist in 2016, two deputy governors were removed and since then the central bank has never had the four posts occupied concurrently.
The finance ministry sent a summary on the two final candidates to the prime minister on Tuesday for approval. The ministry did not get the approval until Wednesday, according to sources at the ministry.
The ministry is expected to issue a circular soon after getting the approval.
When contacted, ABM Ruhul Azad, additional secretary to the Financial Institutions Division of the finance ministry, said the two candidates were selected considering their qualification and fulfilment of requirements mentioned in the circular.
Asked if the short-listed candidates were interviewed, he said usually, an interview is not taken for a deputy governor post as they are appointed by the government.
He said the appointment of the deputy governors was delayed because of the pandemic. But, as the candidates have been finalised, the ministry will soon issue a circular, he added.
The Bangladesh Bank had three posts of deputy governor, which was increased to four last year. The fourth post was added on the condition that one deputy governor will be appointed from a commercial bank.
In October 2019, the government issued a circular for appointing a deputy governor. Later, in February this year, it advertised again for the two deputy governor posts. The circular included one more option, allowing applicants from commercial banks with working experience of 25 years.