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

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Tuesday, 12 February 2019

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

11th Bipartite Wage Settlement News Status - Cat and mouse game is over for Banker's Employees Union AIBEA & IBA. AIBEA General Secretary C H Venkatachalam has announced recently in kanpur meeting that AIBEA would accept the IBA offers of 12% hike in salary

He further added that AIBEA will sign the 11th Bipartite Wage Settlement before announcement of the schedule of General Election.

Read - Calculate your Salary with 10% Hike

He announced that the UFBU is vertically split with award staff union.

He also advocated the offer made by IBA saying that 

the present offer of IBA is more in quantitative terms than the quantum paid in the 10th Bipartite settlement. He has also stated that the officers' Associations are creating impediment to the settlement.

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