On July 09, 2021, the Reserve Bank of India (RBI) has issued a notification to update their ‘Mandatory Leave’ policy for the employees posted in sensitive positions or areas of operation by updating/repealing their earlier circular HERE dated April 23, 2015.
- The Banks should send their employees on leave for a few days (not less than 10 working days) in a single spell every year, without giving any prior intimation to these employees, thereby maintaining an element of surprise.
- Banks shall ensure that the employees, while on ‘mandatory leave’ does not have any work related responsibility.
- Banks should prepare the list of sensitive positions to be covered under ‘ Mandatory Leave’ and the list should be updated/ review from time to time.