IBA Is offering 22% Salary Hike only After Implementation of Performance Linked Salary in Public Sector Banks - 11th Bipartite Wage Revision - Latest News

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Monday, 27 August 2018

IBA Is offering 22% Salary Hike only After Implementation of Performance Linked Salary in Public Sector Banks

Indian Bank's Association (IBA) has hinted to accept the banker's demand of 22% salary hike only after implementation of Performance based salary in the Public Sector banks.

IBA has also agreed on 5 Days Banking in the Bank. Read here the details. This is also partially confirmed that this may be implemented by Dec.1, 2018.


UFBU is opposing the performance based salary hike. IBA is showing their inability to hike beyond 15% incase of non acceptance of performance Linked Salary. 

Currently the salary hike offered by IBA is 6%. 

Rejoice for Bankers' as it is hinted that 11th Bipartite will be settled within 2 months probably before Dipawali.

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