Finance Minister Nirmala Sitharaman today announced a big consolidation of public sector banks : Indian Bank to be merged with Allahabad Bank; PNB, OBC and United Bank to be merged (PNB will be the anchor bank); Union Bank of India, A…
In recent meeting of 11th Bipartite wage revision for public sector bank employees, the Indian Bankers Association (IBA) has coined the Performance Linked Pay Structure (PLP) and insisted and advised to the Bankers' association to incorporate i…
11th Bipartite Wage Revision (11th BPS) latest updates - Minutes of meeting held on 29th August between UFBU and Indian Bankers' Association (IBA). In this meeting IBA had not discussed anything with the Bankers' Union and asked them to dr…
11th Bipartite Wage Revision for Bankers - Latest Updates - The United Forum of Bank Unions (UBFA) has said it will seek a 20 per cent pay hike when talks resume with the Indian Banks’ Association (IBA) on August 29 to seal the 11th bipartite …
11th Bipartite Wage Revision next meeting is scheduled on 29th Aug 2019 and it is rumored even from the association's office that demand of 15% offered by the IBA is agreeable. This is the reason UFBU Revises Demands, to Seek Pay Rise of 20% a…
Indian Banks' Association (IBA) has called for the next meeting with all the representatives of the UFBU & Banks' Union on 29th Aug 2019. It is believed that a fruitful decision will be taken in this meeting. Read - Calculate Your…
Recently news are flashing with the link of Economic Times hindi version about settlement of 11th Bipartite Wage Revision for Bankers with 15%. In this regard a statement is given by the Officers Association AIBOC: Read - Calculate Your …
Next Meeting 11th Bipartite Wage Revision - Indian Bankers' Association (IBA) is now under no mood in settling the 11th Bipartite Wage Revision for Bank Employees. They are not giving any date for next meeting. The last settlement meeting was …
A news along with a paper clip is being circulated on various Social Media Sites about reduced Cash Trnsaction time in the bank. After validating the source of the news, it is found to be faked. Such decision can not be taken by any individual/…
11th Bipartite Wage Settlement News - There is no updates about the wage settlement for the public sector bank employees' post AIBEA circular updates of 20-06-2019. In the same meeting officers' Union AIBOC and NOBO had not participat…
Banker's Salary hiked by 3.60% - Increase of 36 DA slabs (3.60%) from August'19. Total DA Slabs 681=68.10% for all Cadre & Stages. Pensioners to also get more 70 DA Slabs.
IBA has once again requested the all the participating member bank to provide the fresh mandate for 11th bipartite wage settlemenmt to IBA to negotiate with unions/ associations on behalf of these banks. Read - IBA Agrees on 5 Days a Week Ban…
IBA is ready to discuss on 11th Bipartite Wage Settlement up to Scale V level officers now. Earlier IBA was firm on talks only upto scale III officers. Read - IBA Agrees on 5 Days a Week Banking Officer's bodies AIBOC & NOBO contin…
Minutes of 11th Bipartite Wage Settlement Meeting between IBA and UFBU dated 19-06-2019 _______________________________________________ As per Invitation from IBA, today, i.e., on Wednesday, 19 June 2019 talks on XI Bipartite Settlement betwee…
Five Days a week is the most sought demand by the bankers in the 11th Bipartite Wage Negotiation . The demand for five days a week is so strong in this settlement that public sector bank employee's are even ready for sacrificing a part of their …
19-06-2019 - Meeting Updates - IBA – UFBU - 11th Bipartitewage settlement discussion! Today (19.06.2019), leaders of UFBU unions had wage settlement discussion with IBA. The officers' associations AIBOC and NOBO did not participate in …
All India Bank Employees' Association (AIBEA) is proposing the modification in budget and sent a proposal in this regard to Finance Minister. Read - 11th Bipartite Settlement Next Meeting Scheduled on 19th June with IBA The content of t…
In 10th Bipartite Wage Revision for Bankers - The parties i.e. IBA and Bankers Union agreed that the total quantum of wage revision increase (salaryslip component) shall be ₹2270 croresbeing 15% of the salaryslip component of Estab…
After a long time and under new Finance Minister, the meeting between IBA and UFBU is scheduled on 19th June 2019 for wage negotiation under 11th Bipartite Settlement. Read - This will be Your Expected Basic Pay After 11th Bipartite Settlemen…
NEW PENSION HAS NO LEGAL STANDING Justice has given the judgment in the case in reference to a similar writ petition which was disposed of as per judgment dated 26th October 2017. It was held in the judgment that “thus I have to hold that the …
