Bangladesh Association of Banks (BAB) has issued a 13-point recommendation, including reduction of salary of its member banks’ staff for the next 18 months. The BAB, a forum of the country’s private commercial banks (PCBs) directors, on Sunday sent a letter to its chairman in this regard to overcome the economic recession caused by the Covid-19 outbreak. It also advised the members not to curtail jobs of their employees from July 01, 2020 to December 31, 2021, according to the letter. The BAB’s recommendations include reduction of salary at 15 per cent only for the staff, who are drawing more than Tk 40,000 as gross salary each month, suspension of new branch opening and fixed asset purchasing, stopping advertisement in both print and electronic media and corporate social responsibility expenditure, reducing local and international training and tour of employees.
