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11th Bipartite Settlement Updates – Charter of Demands being submitted by Workmen Union of Banks to Indian Banker’s Association (IBA) for wage settlement which is due on 1st November 2017. The Charter of Demands submitted by Umbrella of Bank’s Union on behalf of all the clerks and subordinate staff of Public sector banks in India. […]
11th Bipartite Settlement Wage Revision for Bank Employees Updates – On suggestion of BBB (Board of Bank Bureau) Finance Ministry under Government of India has asked in a communication to CEOs and MDs of all the Public Sector Banks (PSB’s) to initiate the steps for smooth conclusion of next wage revision which is due on […]
Recently Government agrees to infuse Rs8,586 crore capital infusion in 10 weak public sector banks (PSBs) in the current fiscal year but terms strict norms and condition, including raising capital from other sources and curtailing major employee benefits. Government wants a tripartite memorandum of understanding (MoU) in this regard between Bank Management, Government concerned and […]
Recent time was very tough for country and bankers specifically due to demonetization of Rs 500 and Rs 1000 currency by Reserve bank of India on consultation of Government of India. Notes were exchanged through the counter of banks on limited days. This sudden announcement has made the bank branches full of rush due to […]
Public Sector State-run bank Punjab National Bank may quit upcoming IBA wage settlement i.e. 11th Bipartite Settlement of Wage revision to introduce their own wage structure. PNB has set up an internal committee consisting of general managers which is studying the feasibility of a new wage structure for the bank. Afterward bank would decide to […]
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