All India Bank Employees' Association (AIBEA) has rejected the IBA offers of Bank-wise pay revision on 11th Bipartite Wage Settlement. Further, the general secretary of AIBEA C. H. Venkatachalam has also added that
Calculate : Your Expected Basic Pay with 6% Pay Hike
The Central committee while taking note of the development so far in the matter of negotiations with the IBA on our charter of demands, felt that while their present offer of 6% is far below our expectation, their latest proposal to delink from uniform wage revision and linking wage revision to operation profit and Return on Assets of each Bank is a direct attack on our existing Bipartite system of uniform wages for all banks and is serious attack meant to divide the Bank employees.
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11th Bipartite