In cases where other financial sector regulators have prescribed any certifications, these must be complied with as part of capacity building in banks and financial institutions (Exim Bank, NABARD, NHB and SIDBI), it said.
In July 2014, RBI had set up a 'Committee on Capacity Building' with the objective of implementing non-legislative recommendations of the Financial Sector Legislative Reforms Commission (FSLRC) relating to capacity building.
The panel made extensive suggestions related to overall Human Resource Management (HRM), as also specific recommendations on areas like recruitment, performance assessment and promotion.
"Banks should identify specialised areas for certification of the staff manning key responsibilities," it said, while listing recommendations for implementation.
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To begin with, RBI said the banks should make acquiring of a certificate course mandatory for treasury operations, mid-office operations, risk management, accounting and credit management.
"The employees working in the aforementioned areas should be asked to acquire certifications within a specified period, say, 6 months," it said, adding that banks are free to require certification for other areas also.
In the interim, Indian Banks' Association (IBA) has been requested to identify in consultation with RBI and provide to its members, by end December 2016, a list of institutions and courses that will meet the certification requirements for different work areas mentioned above.
For this exercise, IBA may form an expert group comprising such agencies, institutions as it deems necessary.
After the release of the list by the IBA, the banks should identify the courses/certifications that are suitable for their operations and put in place a board-approved policy, mandating obtainment of such certifications by its employees working in the respective areas.
"It is expected that, w.E.F. April 1, 2018, staff will have first obtained the requisite certification before being posted in the above mentioned functional areas," it added.
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