All India Bank Employees' Association (AIBEA) on Saturday said the Reserve Bank must be held accountable and the government should start taking all the private sector banks under its fold. "At the same time, in order to protect the int…
11th BPS Pension hike - IBA may agree on the UFBU demand of hike in basic pension. The merger of dearness allowance is finalized at 47.8%. Post approval the hike on the basic pension will be approved over 47.8% DA. The total calculation co…
11th BPS Updates - After the proposed meeting, it is said that the IBA agreed on the majority of the demands raised by the UFBU as per the charter of Demands : Read - Calculate your Basic Pay with 15% Hike 1) 15% hike in the Basic Pay …
11th BPS Settlement - As expected the IBA has agreed on the 15% hike on payslip cost for the 11th Bipartite Wage Revision along with certain other restrictions like Performance Based Pay structure and other forward benefits. Calculate your Sala…
It seems government banks are going to face some toughest challenge in coming days especially in case of loans and lending. The Finance Minister has advised bank not to follow the rating agencies score i.e. CIBIL etc while taking the credit dec…
The mergers of the Publi Secotor Bank appears to be challengins from April 1st as there seems to be more odd in the way of meeting the target date as a series of regulatory approvals and clearances are still pending. It is believed that the Pri…
It is reported by Financial Express that the Prime Minister’s Office (PMO) has held a meeting on Wednesday on the proposed amalgamation of 10 public sector banks (PSBs) to create four larger lenders. It is believed that the scheme to implement am…
The Indian Banks' Association (IBA) has dubbed the 12.25% wage hike offer to bank employees as adequate, given the financial strains lenders face, though employees associations have called a two-day all-India bank strike on January 31 and Febr…
The Gujarat High Court on Tuesday issued notice to Reserve Bank of India on a PIL filed by eight trade federations in the state seeking the court’s direction to the central bank to not allow unions to go on strike. Bank unions may go on a two-d…
Public Sector Bank's Employees Strike - A PIL filed by eight trade federations in the High Court of Gujarat against the proposed merger of the Bank employees. The PIL claimed the strike would cause a loss of Rs 12,700 crore per day. Th…
Canara Bank & Syndicate Bank proposed merger - In view of the proposed amalgamation of Syndicate Bank and Canara Bank, the MD & CEO of the bank has announced in a meeting that there would be minimum transfer up to scale IV or Chief Manager…
11th Bipartite Wage Revision latest updates - The conciliation meeting by Chief Labour Commissioner with IBA, UFBU and MoF failed due to no conclusive response from IBA. IBA wanted unions to defer the strike after which they will call for fur…
11th BPS Latest News - IBA has requested UFBU for deferring the proposed strike and submitted the list of demands with their offers. This list includes all the demands except 5 Days banking. A letter has been sent by the Deputy Chief Executiv…
11th Bipartite Wage Revision News - Assistant Labour Commissioner (C) has called upon the all the parties in the settlement to have a common meeting i.e. IBA, Ministry of Finance and UFBU. Read - 11th Bipartite Wage Revision for Bankers May Set…
11th Bipartite Wage Revision Latest Updates - It is believed that the long awaiting wage revision of Public Sector Banks may be finalized on 27th Jan 2020 post meeting with CLC. NOTE : This is not the confirmed news but it is the strong rumor …
11th Bipartite Wage Revision Updates - After wage revision talks with the Indian Banks' Association (IBA) failed, bank employees' unions UFBU called for a two-day nationwide bank strike on January 31 and February 1. Read - This will be …
IBA Meeting updates with UFBU on 13th Jan 2020 - Another round of the meeting held on dated 13-01-2020 between UFBU and IBA. The IBA has informed to the UFBU that they would not accept the 5 days banking for the bankers for this settlement. …
Livemint reported that t he Government of India Centre has warned its employees of "consequences" if they go on strike or Bharat Bandh called on 8 January by one of their associations to protest against Union government's policies incl…
11th Bipartite Wage Revision - Next meeting between IBA and UFBU is scheduled on 13th Jan 2020 at mumbai. The details of the meeting is conveyed as under : Read - IBA Meeting Updates 13th Jan 2020
Central trade unions are not at all supporting the early settlement of 11th Bipartite Settlement of the Public Sector Bank Employees but the bankers union has decided to support their proposed strike on dated 08trh Jan 2020. Bank employees and…
