Wage Revision for PSU Banks Officers at 15% Increase

Long awaited wage revision for  Bank employees and Officers has been finally settled with 15 % pay rise. The wage revision agreement reached between UFBU and IBA on 23rd February, 2015, which can be considered as breakthrough in over 28 months old overdue wage revision for bankers. Now the Bankers will have two Saturdays off in a month in addition to the wage rise. The wage revision will be implemented with effect from November 2012.

There are 27 public sector banks in the country with a combined employee strength of about 8 lakh. There are about 50,000 branches of these banks across the country.


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