RBI employees, who were to go on a two-day mass leave today and tomorrow have deferred their mass-leave plan, according to a report by The Times of India.
The mass-leave was initially planned for September 4 and 5 and was called for by UFRBOE, the United Forum of Reserve Bank Officers and Employees. The union had demanded an option whereby employees of RBI could switch from the Contributory Provident Fund (CPF) to pension. They had also demanded the updations of pension for around 21,000 retirees, as per a report by The Economic Times.
The RBI management held meetings with union leaders and assured that the demands of the employees would be addressed.
The plan for mass-leave has now been deferred to the first week of January 2019.
Had the employees gone on the mass-leave, banking operations could have been impacted across the country.
Sources: The Times of India, Economic Times, Business Today