The board of Punjab National Bank (PNB) has approved payment of PLI for senior executives as per the new PLI scheme introduced by DFS, Ministry of Finance, Government of India. The same was confirmed by the General Secretary of AIPNBOF – Shri Krishna Kumar. As per the new scheme, Senior executives of Banks (Scale IV and above) will get almost double salary.
United Forum of Bank Unions (UFBU) has announced protest against this new PLI scheme, and all bank employees up to Scale III are leaving branches by 5 or 6 pm. UFBU has urged bank officers to withdraw extra co-operation as they are not getting the same PLI payment.
Officers up to Scale III are paid PLI up to 15 days of basic pay, whereas Senior Executives (Scale IV and above) will get PLI upto 100% of basic pay (i.e. almost double salary).
On 18 March 2026, DFS issued letter to Punjab National Bank and asked Bank to credit PLI for senior executives. MD&EDs will be paid a total of over Rs.1 crore PLI.
| S. No. | Name of the WTD | Designation | PLI Amount (₹) |
|---|---|---|---|
| 1 | Shri Atul Kumar Goel | Former MD & CEO | 16,15,680.00 |
| 2 | Shri Ashok Chandra | MD & CEO | 4,51,695.48 |
| 3 | Shri Kalyan Kumar | Former ED | 19,53,600.00 |
| 4 | Shri Binod Kumar | Former ED | 16,99,509.67 |
| 5 | Shri M. Paramasivam | ED | 21,50,400.00 |
| 6 | Shri Bibhu Prasad Mahapatra | ED | 21,50,400.00 |
| 7 | Shri D Surendran | ED | 46,245.16 |
This PLI scheme has divided the workforce in Banks. Scale IV officers can get PLI upto 70% of their annual basic pay (approximately ₹11.75 lakh per year). Scale V and VI officers can get PLI upto 80% of their annual basic pay (approximately ₹14.40 lakh per year). Scale VII officers can get PLI upto 90% of their annual basic pay (approximately ₹22.50 lakh per year). EDs and MDs of Nationalised Banks, DMDs, MDs, and Chairman of SBI can get PLI up to 100% of their annual basic pay.
On the other side, officers from Scale 1 to Scale 3 will get PLI up to only 15 days of basic pay. This means that they will get a salary of just 15 days. Scale 1 will get Rs.41,000 as PLI. Scale 2 will get Rs.50,000 as PLI. Scale 3 will get Rs.62,000. Officers up to Scale 3 say that they do maximum work and maximum branch heads are Scale II and Scale III. These branch heads help in revenue generation for banks, but they are being paid very little PLI in comparison to senior executives.
Now what will UFBU do? What action will be taken by UFBU? Let’s see. The PLI issue is critical as it has divided officers into two sections.
Click here to read about new PLI scheme by DFS
