Officials of the state-owned banks and non-bank financial institutions will not get promotions if they are facing trials in criminal cases and investigations by the Anti-Corruption Commission.
The process of their promotion will remain held up until the settlement of the cases, according to a new guideline on promotion of employees in the state-owned banks and NBFIs.
The guideline issued by the Financial Institutions Division under the finance ministry on Monday also stipulated that lobbying for promotion would be considered as indecency of the employees.
It will be applicable to officials ranging from the 9th grade to the 3rd grade/deputy general manager.
The guideline is aimed at much-needed reforms in the banking sector and ensuring services by the state-owned bankers and employees, said the FID in its guideline.
With the introduction of the new guideline, the respective rules of each banks and financial institutions on promotion will be cancelled, added the FID.
The promotion process will be overseen by two committees 鈥� one led by the chairman of the board of directors on promotions for deputy general manager and the other by the managing director and CEO on promotion for assistant general manager.