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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). ....

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IBA inks agreement with unions; bank staff pay to increase by 17%

For the employees of public sector banks (PSBs), 2023 ends on a happy note as the Indian Banks' Association (IBA) on Thursday inked a 17 per cent annual wage hike agreement with bank unions.The wage revision will be effective from 1.11.2022 for . ....

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IBA Inks Agreement With Unions; Bank Staff Pay To Increase By 17%

IBA Inks Agreement With Unions; Bank Staff Pay To Increase By 17%
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