IBA and Bank unions agree on wage settlement

- Advertisement -

The Indian Bank Association (IBA) has agreed to the 12th bipartite settlement that will be effective for the next five years, beginning November 1, 2022, Rupam Roy, General Secretary, All India Bank Officers’ Confederation (AIBOC), said on August 31.

“It was also agreed that DA (dearness allowance) up to 8088 points of price index would be merged with the basic pay,” said Roy who was part of the meeting.

This agreement was reached following a meeting between IBA and bank unions in Mumbai. The wage revision for employees and officers of the public sector banks is due from November 1, 2022.

More details will be shared soon. Please join our WhatsApp group to receive instant updates. Click on link below to join.

- Advertisement -

Share this article...

Comments

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More News...

Latest

Govt launches internship scheme for youth, Rs.5000 will be given monthly to Youth

Govt launches internship scheme for youth, Rs.5000 will be given monthly to Youth

Good news for Employees! Govt announced to review NPS and make changes in pension scheme

Good news for Employees! Govt announced to review NPS and make changes in pension scheme

Budget 2024: PSU banks will develop in-house capabilities for credit assessment of MSMEs

PSU banks will develop in-house capabilities for credit assessment of MSMEs

Budget 2024: Mudra Loan Limit increased to Rs.20 Lakh

Budget 2024: Mudra Loan Limit increased to Rs.20 Lakh

Income Tax Rate changed, Check new Income Tax Slab in 2024

Income Tax Rate changes, Check new Income Tax Slab

Rs.25 crore Fraud in SBI: CBI Books Private Firm and Directors for Cheating SBI of Rs 25.62 Crore

Rs.25 crore Fraud in SBI: CBI Books Private Firm and Directors for Cheating SBI of Rs 25.62 Crore

Video: SBI Bank Employees beaten by Customers inside branch due to Loan Dispute

SBI Bank Employees beaten by Customers inside branch due to Loan Dispute

Latest News