RBI said in an order issued to banks that bankers who work in sensitive positions will be given a surprise and mandatory leave of 10 days every year. There should be no virtual or physical burden of work on them during the holiday.
Every year 10 days leave will be given suddenly.
RBI mandatory leave: Reserve Bank of India has taken a big decision for the bank employees. RBI said that bankers who work in sensitive positions will get surprise leave of at least 10 days every year. Apart from the commercial banks, the new rule schedule of RBI will also be applicable to rural development banks and co-operative banks.
According to the 2015 circular, bankers who work in sections like Treasury Operations, Currency Chest, Risk Modelling, Model Validation are considered vulnerable. RBI will also issue a list of sensitive posts, who will be given a sudden leave of 10 days every year under “mandatory leave”. Under the rule, this leave will be given to the bankers suddenly without prior notice to them. In the information sent to banks including Rural Development Bank and Co-operative Bank, RBI has asked to formulate a policy of granting unexpected leave under prudential risk management measures (RBI modified risk management guidelines).
No responsibility for virtual or physical work during leave
During such leave, the Bank employee concerned will not have any work related responsibility in any manner physical or virtual except through internal/corporate email. The facility of internal/corporate email is available with the bank employees for general purpose. RBI said, “As a prudent operational risk management measure, banks will implement an ‘unforeseen leave’ policy, wherein employees posted in sensitive positions or areas of operation will be given a mandatorily certain number of days (less than 10 working days) every year. No) to be sent on leave. This leave will be given to these employees without prior notice. That is, there will be a surprise in it.
Mandatory Leave Policy has been upgraded
Earlier, the RBI had not specified the number of days for such leave in its earlier guidelines on the issue in April 2015. However, he said it could be ‘a few days (10 working days)’. The central bank has upgraded the ‘mandatory leave’ policy for employees attached to sensitive posts or areas of operation and repealed the circular dated 23 April 2015.
Banks got six months
Banks have been asked to prepare a list of sensitive posts as per the approved policy of their Board of Directors and review the list from time to time. RBI has asked banks to comply with the revised instructions within six months.
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