RBI officers seek Governor's intervention to correct promotion policy
The Reserve Bank of India (RBI) officers' union has written a letter to RBI Governor Sanjay Malhotra, seeking his intervention to correct the promotion policy and restore a time-bound system.RBI officers across various regional offices and the central bank's headquarters in Mumbai staged protests on Friday (May 8, 2026) against recent policy changes that link promotions to vacancy availability, replacing the earlier time-bound promotion system.Reserve Bank of India Officers' Association (RBIOA), in a letter dated May 8, expressed disappointment and anguish over the decision of the central bank to proceed with the revised promotion policy without adequately considering the serious concerns, objections, and constructive suggestions repeatedly placed by the association on behalf of the office
