11th Bipartite Settlement

Calculate Clerks Salary Difference after 11th Bipartite Wage Revision

Calculate 11th Bipartite Salary Hike for Clerks (Projected) – Outcome of recent meeting between IBA and Banks’ Union shows that IBA is not at all agreed on any further hike in existing offer of 10%. In the recent meeting, IBA has also presented the Performance linked salary structure for bank employees and given a draft presentation […]

11th Bipartite Settlement

Employees of these Banks may not get any salary hike after 11th Bipartite ?

11th Bipartite Wage Revision Current Status – Meeting of Banks’ Union (UFBU) with negotiation committee of Indian Bankers’ Association (IBA) held on 29th September 2018 was concluded without any outcome. IBA was not agreed on any further hike on their earlier offer of 6%. Banks’ Union are insisting on salary hike of minimum 15% on […]

11th Bipartite Settlement

Calculate Your Salary Difference With 11th Bipartite Hike

Calculate 11th Bipartite Salary Hike – Meeting between IBA and Banks’ Union are going on for salary hike for already pending 11th Bipartitre Wage Revision for Bankers. Recent meeting between IBA & Banks’ Union UFBU just concluded and IBA has rejected the demands of any further hike in existing offer of 6%.  IBA has also […]

Banking News

Rs 5,000 Crore Fraud in Andhra Bank by Sterling Biotech

Enforcement Directorate (ED) has arrested the a former director of Andhra Bank in connection with a money laundering probe case involving a Gujarat-based pharma firm ‘Sterling Biotech’. The ED had alleged that Mr Anup Prakash Garg, former director  had infused several crores of his unaccounted cash in various companies through many Kolkata based bogus shell companies with […]

11th Bipartite Settlement

Finance Ministry Asks IBA to Speed Up the 11th Bipartite Wage Revision

In recent development on 11th Bipartite salary settlement for bank employees, Finance Minstry has stepped in and asked Indian Bankers’ Association (IBA) to speed up the wage revision deal. There is no visible progress till date on salary hike as after the 10th industry-wide wage settlement had run its course, ending on October 31, 2017, […]

11th Bipartite Settlement

VRS Scheme Likely Soon for the Employees of Bank of Baroda, Dena & Vijaya Bank

If believes on the recent developments, Government may sooner implement the Voluntary Retirement Scheme (VRS) for the employees of already announced merging banks i.e. Bank of Baroda, Dena Bank and Vijaya Bank. Further, 11th bipartite negotiations may gather steam as the merger between the three public sector banks could see massive branch rationalisation in many of […]