RBI Officers Seek Review of New Promotion Policy, Write to Governor for Intervention

New Delhi, May 09: A section of officers at Reserve Bank of India has urged the central bank leadership to reconsider the recently introduced promotion policy, raising concerns over its impact on career progression and workplace morale.

According to reports, officers have written to Sanjay Malhotra seeking his intervention and requesting a review of the revised promotion framework. The officers reportedly believe that certain changes in the policy could affect transparency and limit fair growth opportunities within the institution.

The representation highlights concerns related to promotion timelines, evaluation criteria, and career advancement prospects for employees across different levels. Officers have also emphasized the need for wider consultation before implementing major structural changes affecting staff progression.

Sources indicate that employee associations and officer groups are seeking discussions with the RBI management to address the concerns and arrive at a balanced solution. The matter is expected to be reviewed internally as discussions continue between staff representatives and senior officials.

The development comes at a time when the central bank is handling key responsibilities related to monetary policy, inflation management, banking regulation, and financial stability, making internal administrative harmony an important aspect of institutional functioning.