Central bank for harmonised qualification for banking jobs

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FE Report
The central bank has asked banks to maintain 'harmony' between the grade point average (GPA) and the traditional division system while calculating qualification for jobs in the banking sector.
"We're going to minimise the clashes between the two systems for recruitment in the country's banking industry," a senior official of the Bangladesh Bank (BB) said.
He said it would help create 'a level playing field' for applicants who will compete for one of the fastest-growing jobs.
The central bank also issued Monday an instruction, asking chief executives and managing directors of the banks to follow the similar qualification criteria.
The directive came against the backdrop of non-compliance of the existing rules related to the equivalence between the two systems by banks.
The government issued a gazette notification in March, amending the equivalence rules for the GPA system and the division system in public exams.
Under the existing rules, GPA 3.00 or above is equivalent to first division while GPA less than 3.00 to 2.00 is second division and GPA less than 2.00 to 1.00 is third division for the students of Secondary School Certificate (SSC) and equivalent exams and Higher Secondary Certificate (HSC) and its equivalents.
GPA 3.50 or above was equivalent to first division while GPA less than 3.50 to 2.50 was second division and GPA less than 2.50 to 1.00 was third division for the students who passed SSC and equivalent exams during 2001-2003 period and who passed HSC and its equivalents in 2003, according to the Education Ministry notification.