As a precautionary move to check the menace of frauds in banks, the Reserve Bank of India has suggested implementation of mandatory leave. Such a move will allow the bank t keep a track of the work by an officer.
In most of the fraud cases, it was found that the culprits were very regular, due to which they were aware of each and every development that allowed them to tackle the situations more effectively. The practice is already in place in many multinational as well as private sector banks, it forms an integral part of their risk management policy.
The Chairman of the Indian Banks Associatio, Mr. M D Mallya said "We already have a mandatory leave policy for those in sensitive positions such as treasury and forex. But in the context of present developments there may be need for review."
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