Revised guidelines on Mandatory Leave for Bank Employees

RBI on Thursday (July 8, 2021) advised the updated instructions to implement a ‘Mandatory Leave’ policy for the employees posted in sensitive positions or areas of operation. The regulator also advised banks that RBI circular DBR.No.BP.BC.88/21.04.048/2014-15 dated April 23, 2015 has been repealed in lieu of updated instructions. “As a prudent operational risk management measure,…