RBI officers protest over promotion policy

Hundreds of Reserve Bank of India (RBI) officers joined a protest at the central bank’s headquarters here on Tuesday against a recent change in the promotion policy, Reserve Bank sources said. The protest, which started around lunchtime, went on till the evening prompting some senior central bank officials to discuss the matter with the protesters. According to sources, in some grades, promotion was almost automatic except for a certain percentage. However, a recent decision to increase the percentage of people who would be left out for promotion made a section of the officers uncomfortable.

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