PSU Bank Employee’s Salary Increases also 2 Extra Holidays per Month



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Employee unions of public sector banks today withdrew their strike call following an agreement with the management on 15 per cent wage hike. 


At a meeting today in Mumbai, PSU banks employee unions and bank management, Indian Banks’ Association (IBA), agreed on 15 per cent wage hike and entered into an agreement for it. 

National Organisation of Bank Workers (NOBW) Vice President Ashwini Rana said: “We are not happy as our expectation was that bank staff would get what was given to them last time — 17.5 per cent increase in wages”. 
The bank employees will now also get holidays on two Saturdays in a month. 
The wage revision of public sector bank employees has been due since November 2012. 
Earlier, unions had deferred one-day strike scheduled for January 7 as IBA improved the wage hike offer to 12.5 per cent from 11 per cent earlier. 
There are 27 public sector banks in the country with a combined employee strength of about 8 lakh. There are about 50,000 branches of these banks across the country. 


Source: Economic Times

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