July 9, 2021<\/p>\n
All Commercial Banks (including Small Finance Banks, Local Area Banks and
\nRegional Rural Banks)
\nAll Primary (Urban) Co-operative Banks\/State Co-operative Banks\/ District Central
\nCo-operative Banks<\/p>\n
Dear Sir,<\/p>\n
Please refer to our circular DBR.No.BP.BC.88\/21.04.048\/2014-15 dated April 23, 2015<\/strong>, advising banks to implement a \u2018Mandatory Leave\u2019 policy for the employees posted in sensitive positions or areas of operation. It has been decided to update these instructions and repeal the circular dated April 23, 2015 ibid.<\/p>\n 2. As a prudent operational risk management measure, the banks shall put in place a \u2018mandatory leave\u2019 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.<\/p>\n 3. Banks shall ensure that the employees, while on \u2018mandatory leave\u2019, do not have access to any physical or virtual resources related to their work responsibilities, with the exception of internal\/ corporate email which is usually available to all employees for general purposes.<\/p>\n 4. Banks shall, as per a Board-approved policy, prepare a list of sensitive positions to be covered under \u2018mandatory leave\u2019 requirements and the list shall be reviewed periodically. Implementation of this policy shall be reviewed under the supervisory process.<\/p>\n 5. The revised instructions shall be applicable to all the banks and they shall comply with these instructions within six months from the date of issue of this circular.<\/p>\n Yours faithfully,<\/p>\n (Sunil T S Nair)
\nChief General Manager<\/p>\n