11th Government Has Asked IBA to Settle the 11th Bipartite Wage Revision with 12% Pay Hike - 11th Bipartite Wage Settlement - Current Status & News

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Wednesday, 26 September 2018

Government Has Asked IBA to Settle the 11th Bipartite Wage Revision with 12% Pay Hike

May of you may not believe on this news but it is an inside news through various bank Union's members that 

Read - AIBEA Agrees on IBA offers of 12% Salary hike in 11th Bipartite Wage Settlement

Read - IBA Insisted on Performance Based Salary For Government Bankers, No Common Salary 

Government has given clearance to settle Pay Increase at 12%. Banks' Union doesn't have any option other than to accept it as Government has mandated the negotiating committee of IBA to settle it down immediately as the amalgamation of Bank of Baroda, Vijaya bank and Dena Bank is pending due to this. 

Government wants amalgamation to be completed before the model code of conduct as election is due next year. 


The major constituent Unions of UFBU are willing to settle at 12%. (You know the strength of Banks' Union).


IBA and UFBU may sit together and complete the formalities as dictated by Government of India.

!!!!! Let's Wait for D DAY !!!!!

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