Nepal Rastra Bank Drafts Major Amendments to Bank Employee Leave Policies
Summary
Nepal Rastra Bank proposes major changes to bank employee leave policies, including mandatory consecutive leave days, expanded paid maternity leave, and stricter protections against recall during critical leaves.
Key Points
- Nepal Rastra Bank has drafted amendments to service regulations for bank and financial institution employees to improve leave protections.
- Employees cannot accumulate annual mandatory leave and must take at least seven consecutive days off with full pay.
- New maternity leave policy offers 14 weeks of fully paid leave, with options for extended unpaid leave if medically recommended.
- Financial institutions are prohibited from recalling employees on critical leaves, including mourning, maternity/paternity, sick, and marriage leaves.
