11th Bipartite Wage Settlement - Indian Banks Association (IBA) has called all the Bnak's Union for next round of meeting on 17th of Sept 2019. IBA had earlier hinted that they might take some steps related to negotiation of 11th Bipartite Wage revision and charter of demand.
The reason behind the strong commendation for settlement of 11th Bipartite Wage revision are :
1. Final announcement for merger of all the PSB's already taken place.2. All the needful capital are already infused by the Government3. All banks are now well fueled for accepting the wage hike.4. AIBEA had already hinted to accept the 15% wage hike5. Officers Union are also agreeing on 5 days a week and 15% salary hike on payslip
Earlier also in the meeting of all the Bankers Union where the decision for strike was taken place, there were strong commendation amonf the leaders of various Bank's Union for settling the wage hike on 15% pay slip cost.
I strongly believe that this meeting between IBA and UFBU would finally show some relief for long pending 11th Bipartite Wage Settlement.
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11th Bipartite