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Banks, employee unions agree to 17% salary hike, latest on 5-day week proposal: 10 points

IBA-bank employee union wage revision agreement: The djustment is set to take effect from November 1, 2022, and will span a period of five years. According to the agreement, the wage revision will result in a total expenditure of Rs 12,449 crore for all public sector banks, including the State Bank of India (SBI).
Bhagwat Karad Indian Bank Association Joint Note Bipartite Settlement State Bank Dearness Allowance

Salary For Bank Employees to Hike by 17% as IBA Signs Pact With Bank Unions: Here's How Much Pay Will Increase

Salary Hike For Bank Employees: The Indian Banks Association has signed a 17 per cent annual wage hike agreement with bank unions. The wage revision will be effective from 1.11.2022 for a period of five years.
Tamil Nadu Bank Employees To Hike Indian Bank Association Signs Pact With Bank Unions Salary For Bank Employees Pact With Bank Unions
Source: india.com

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