Bangladesh utilizes radioactive materials and radiation sources for a wide variety of peaceful purposes in industry, medicine, agriculture, research and education. At present, Bangladesh does not have nuclear power plant (NPP), so that the radioactive waste is mainly coming from above mentioned fields. Although Bangladesh has quite good infrastructure for the management of present radioactive waste, it needs improvement especially for the disposal program of the existing and future radioactive waste. This improvement of infrastructure is an important factor for preparation of future nuclear power plant (NPP) operation. The framework for institutional radioactive waste management in Bangladesh has been analyzed in this study. The analysis has been done using several key factors based on policy and strategy, regulatory authorities and their regulations, implementing organizations, participation of stack-holders and financial system. By considering the international trends and the Bangladeshi program to utilize nuclear power, the institutional infrastructure of radioactive waste management needs to be improved. The NSRC Rule-97, for the future beneficence, will have to be revised by incorporating several missing key points on radioactive waste management such as definition of radioactive waste, classification of radioactive waste, exempt and clearance limit, storage and retrieval, NORM/TENORM waste, disposal of LILW/HLW and spent fuel.