Now Reading: RBI officers’ body seeks policy review over promotion woes
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RBI officers’ body seeks policy review over promotion woes
The Reserve Bank of India Officers' Association (RBIOA) has written to RBI Governor Sanjay Malhotra, demanding an urgent review of recent HR policy changes that it says have hurt career progression, morale…
The Story in Brief
The Reserve Bank of India Officers' Association (RBIOA) has written to RBI Governor Sanjay Malhotra, demanding an urgent review of recent HR policy changes that it says have hurt career progression, morale and welfare. In an August 6 representation, the body cited a survey of members across Grades A to E.
The survey found 85 per cent of respondents saw poor promotion prospects, 79 per cent reported low morale, and 91 per cent viewed new promotion rules unfavourably. The association criticised the May promotion policy, saying it ignored their suggestions, and flagged concerns over perquisites, childcare support and work-life balance, particularly among women officers.
The Indian Opinion
The RBI staff association's survey is a reminder that central bank morale is institutional, not personal. Rather than dismiss the discontent as bureaucratic grumbling, the management should note that 65 per cent expect to retire below Grade D. A central bank's credibility rests on skilled officers, and delayed promotions drain talent. The test will be whether the board responds with timelines or more committees. Watch for a concrete promotion schedule in the next quarter.
Source: hr.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
