11th Bipartite Wage Revision Recent Updates - Meeting scheduled on 12th October 2018 may finalize the 11th Bipartite Wage Revision for Bankers. Recent developments and speed up in the process of salary negotiation by Indian Bankers' Association (IBA) is showing up the seriousness about bipartite settlement.
It is also hinted that the Government may approve the proposal forwarded for amalgamation of Vijaya Bank, Bank of Baroda & Dena Bank.
The proposal for merger by the individual bank now has been sent to the government for its official approval. Government is awaiting IBA responses on 11th Bipartite settlement for further action like implementing VRS schemes and Swap ratio.
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