Reserve Bank of India (RBI) has advised banks to implement a mandatory leave policy for its employees servicing in any commercial bank or any cooperative banks who are employees posted in sensitive areas of operation. Under Mandatory leave policy employee will be compulsorily sent on leave of not less than 10 working days in a single spell every year and that should be surprise element for employees. Also banks to ensure that employee during his leave to not have any access to work responsibilities.

In a communication to lenders, including rural development banks and cooperative banks, the RBI asked them to put in place a 'mandatory leave' policy as part of the prudent risk management measure. During the mandatory leave, the bank employee will not have access to any physical or virtual resources related to the work responsibilities, with the exception of internal/ corporate email which is usually available to all employees for general purposes.

"As a prudent operational risk management measure, the banks shall put in place 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, without giving any prior intimation to these employees, thereby maintaining an element of surprise," it said.

Coronavirus impact: India Inc revenues may decline 10 pc sequentially in Q1

FM at G20: India’ fiscal policy steps are taken for better environmental outcomes.

From economy to public outrage, Here are 5 reasons for expansion of Modi cabinet