In the 10th Bipartite Wage Settlement, the additional Stagnation Increment was considered for award staffs and officers up to certain scale. IBA has directed the such banks to release the arrears, where the arrears was not released by their board.
The Circular in this regard is issued by the IBA.
Also Read - Union Budget 2021 - Major Highlights of Budget for FY 2021-22 for the Bankers
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