It is confirmed by the Bankers Union that the arrears of the 11th Bipartite Wage Settlement will be paid by 25th October 2020.
The 11th Bipartite Salary settlement is almost at final stage and it is confirmed by the Bankers Union that IBA is going to sign the settlement probably by 17th or 18th of October 2020.
Talks with IBA on financial and non Financial issues will be scheduled on 17th & 18th.
Most probably the settlement can be signed on 17th or 18th.
It is also confirmed that the IBA is planning to release the arrears before 25th this month i.e. before Dusherra.
There will not be any 5 days banking for bankers in 11th BPS.
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UFBU has accepted the Special Allowance Pay at 16.4%. The discussion on load factor is already finalized.