Impact of the strike call on 21st December 2018, IBA agrees on wage settlement for all level of employees i.e. Scale I to Scale VII. Earlier, just 15 banks had given mandate to Indian Banking Association (IBA ) to negotiate on their behalf while five major banks had not given even restricted mandate to IBA.
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IBA is still insisting on Performance Linked Wage Settlement for all the officers under 11th Bipartite Wage Revision for Bankers.
The bank officers have been demanding early and respectable wage settlement based on the minimum wage concept.
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11th Bipartite