Overview
- RBI officers gathered at regional offices and the Mumbai head office to protest the new vacancy-tied promotion rules, which an estimate says could affect about 8,000 staff.
- The revised framework keeps the move from Grade B to C time-bound at a minimum of seven years, while promotions from Grade C to D and higher depend on available posts.
- The officers’ association asked Governor Sanjay Malhotra to freeze the policy and start a review, while pressing for assured time-bound promotions up to Grade E and a One Grade, One Allowance rule.
- RBI signaled engagement through a senior official’s pledge to discuss the policy with employees, including remarks by Deputy Governor Swaminathan J to protesting staff in Mumbai.
- Officers warn the change will deepen stagnation and hurt morale, noting some could stay in Grade C for a decade or more because far fewer Grade D slots open than the 150–200 officers in a typical batch.