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2020-08-20 · 11th Bipartite Wage Revision Talks Latest News – 11th BPS Settlement Meeting with IBA Tomorrow on 20 August 2020. As per the latest circular issued by the Indian Banks’ Association (HR & Industraial Relations), meeting with working group for Workmen will be held at 11.00 am on 20th August 2020.

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However, after the ending of the 10th bipartite settlement in October 2017, the national bankers’ lobby took a significant departure from the tested practice by proposing a performance-linked salary structure for grade six and seven employees and wage revision based on the negotiations for employees belonging to other grades – from one to three – which was later extended up to grade five.

According to him, the wage revision is due from August 1, 2019 and only one round of talks has been held with the GIPSA. "The first round talks were held in April 2019. But the 11th bipartite wage talks between the Indian Banks’ Association and unions of public sector bank employees and officers have been stalled since October last year due to a proposal to Bank Employees Wage Revision Talks with IBA CIRCULAR No. UFBU/2017/22 TO ALL CONSTITUENT UNIONS/MEMBERS 27.10.2017 Dear Comrades, WAGE REVISION TALKS WITH IBA Further to the ongoing discussions in the Sub-Committee on non-financial demands, today, a round of discussions with the Full Negotiating Committee of IBA was held in Mumbai.

2020-07-23 · Bank Employees alert! New details of Salary Hike, PLI, DA, Pension: Good news! Things to know after Bank Unions-IBA agreement With the increasing number of coronavirus cases in India and people losing jobs, there is a section of employees in India fortunate enough to receive a wage hike!

11th BPS News Updates AIBOC Calls For Agitation Against Proposed Merger of Bank of Baroda, Vijaya & Dena Bank Banks to resume wage revision talks with TU leaders on July 22. The current wage revision for PSBs, as well as some private lenders, is due from November 2017 for five years - up to October 2022. Bank Wages Revision: Final Meeting of BPS negotiations notice by IBA - Meeting at IBA Committee Room on 9th November, 2020 at 11.30 a.m Wage revision in public sector banks takes place in every five years. The 11th bipartite settlement is due from November 1, 2017. The process of wage negotiation for public sector bank officers and workmen may be done separately again after one-and-a-half-decade with the largest officers union boycotting the talks while the workmen unions are in favour of going ahead with it.

According to him, the wage revision is due from August 1, 2019 and only one round of talks has been held with the GIPSA. "The first round talks were held in April 2019. But the 11th bipartite wage talks between the Indian Banks’ Association and unions of public sector bank employees and officers have been stalled since October last year due to a proposal to Bank Employees Wage Revision Talks with IBA CIRCULAR No. UFBU/2017/22 TO ALL CONSTITUENT UNIONS/MEMBERS 27.10.2017 Dear Comrades, WAGE REVISION TALKS WITH IBA Further to the ongoing discussions in the Sub-Committee on non-financial demands, today, a round of discussions with the Full Negotiating Committee of IBA was held in Mumbai. From the side of IBA, Mr.R.K. […] Bank Employees Wage Revision 2019 Latest News: Amid pressure from employees' unions, Indian Banks' Association (IBA) has reportedly agreed to offer a 10% wage hike from the previous 8% Get more India News and Business News on Zee Business. 2020-08-14 · IBA and bank unions agreed upon a 15% hike over the base wage bill of Rs 52,625 crore, which was the cumulative wage bill -- of all public sector banks and a few other old private sectors which took part in the bipartite wage revision process -- for the fiscal year ending March 31, 2017 .
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Banks Wage Settlement – Latest News and Updates Admin October 13, 2020 AIBEA CENTRAL COMMITTEE MEETING 22-1012020 Wage Revision: The current developments relating to negotiations with the IBA after the signing of the MoU on 22-7-2020 was… Out of the proposed increase of 15% increase i.e. Rs. 7898.00 cr in wage bill of banks, Rs. 3385 Cr is to be given out to workmen employees. Out of Rs. 3385 Cr, an amount of Rs. 495 Cr is set aside for Basic Pay, Special Pay, PQP, and Dearness Allowance while balance Rs. 2890 Cr is to be distributed to other components.
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This entry was posted in Articles, Media, New on December 16, 2012 by admin. would not need to pay for the banks' risky borrowing in foreign currencies. Ekots lördagsintervju (Swedish Radio News Saturday Interview, in Swedish), reasons holds also after Statistics Sweden's revision of the household saving rates  Revision av EU-medel 27 March 2020 | News Day by day, and even hour by hour, new information is released on redundancy notices, stock market falls, The Riksbank and other central banks have taken steps to reduce the economic effects of the virus, and Wages will rise more slowly and inflation will decrease.

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Even at the pre-revised level (i.e. 6th CPC level), their Basic Pay is higher than the revised Basic Pay of the bank staff, after 10th BPS. 2021-04-05 · 11th Bipartite Settlement AIBEA: The annual wage increase in salary and allowances is agreed at 15% of the wage bill as on 31-3-2017 which works out to Rs.7,898 crores on Payslip components. Discussions were held between the Indian Banks’ Association representing Managements of banks and the authorized representatives of Workmen Unions and Officers’ Associations on wage revision for officers and workmen in banks. 2020-10-19 · IBA move on officers’ wage revision: Bank unions to embark on action programmes. Mumbai | Updated on October 19, 2020.

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