Except these six banks, all other banks have given their mandate to negotiate salary of all the employees of banks. The six banks which are State Bank of India (SBI), PNB, BOB, Indian Bank, Union Bank of India and Oriental Bank of Commerce have given conditional mandate to IBA to restrict negotiate up to Scale III or IV only.
Bank's Union have shown their displeasure against the unconditional mandate of these banks. They have written to Department of Financial Services to relook the matter and lodged their protest againt the bank's management decision.
It's difficult to say at this moment whether decision taken by banks are correct or not to settle salary only up to Scale III/IV in 11th Bipartite Settlement or not ?
Your's View on this topic is highly expected !!!!