Why RBI Mandates Compulsory Leave for Staff in Sensitive Banking Positions
The Reserve Bank of India (RBI), on July 8, 2021, issued updated instructions directing banks to implement a robust ‘Mandatory Leave’ policy for employees posted in sensitive positions or critical areas of operation. These revised guidelines replace (and repeal) the earlier RBI circular DBR.No.BP.BC.88/21.04.048/2014-15 dated April 23, 2015, reflecting the regulator’s renewed focus on operational…