Send bank staff in sensitive operations on leave without intimation: RBI

As a prudent risk management measure, banks should have a 'mandatory leave' policy with an element of surprise, apex bank says. The revised norms repeal the circular of April 23, 2015

Bankers working in sensitive positions, including treasury operations and currency chests, will get a surprise holiday of at least 10 working days in a single spell every year under the modified risk management guidelines of the Reserve Bank of India (RBI).

As a prudent operational risk management measure, banks should have a “mandatory leave” policy wherein the employees posted in “sensitive positions or areas of operation shall be compulsorily sent on leave for a few days (not less than 10 working days) in a single spell every year”, the RBI said in a notification on Friday. This should be done “without