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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