NEWS & ADVICE : PERSONAL LOAN
Compulsory leaves for employees to check fraud
By Vaibhav Aggarwal
Jun 10, 2011
Print    Email    RSS   

Banking and monetary regulator Reserve Bank of India has mandated that every employee has to take a fixed number of leaves per year so that the bank is offered with time to check in his absence all his activities.

The employees will thus be mandated to spend time with family.

The process is a practice in most MNC banks. This is mostly for those employees who hold sensitive positions.

It is a part of the risk management system of the bank. The leave is given for a minimum tenor of 10 days.

Lenders like Citibank, Standard Chartered Bank and Deutsche Bank have already been practising this policy and it is soon to be brought into enforcement by domestic banks too.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Managing and emerging out of institutional...
Some admissible deductions under Income...
BPLR or Base rate?? Which is better…?
Loan upper limit increased for women
Guidelines to apply for NRI Personal Loans


My monthly salary 11000 and i want personal loan...
i want to check my loan balance in canara bank my...
i want to check my loan balance in canara bank my...
What is the outstanding Amount for my personal loan
ho many month balance in My Personal loan
i need my personal loan track statement

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive