Dear readers, there is a good news for all current bankers and aspiring
bankers. Indian Bank's Association has agreed to increase the wages by
15% with effect from November 2012.
The bank unions had threatened to go on 4-day nation-wide strike from
February 25 demanding 19 per cent hike in wages. The wage hike was due
from November 2012.
"In today's talks, wage revision settled at 15 per cent with effect from
November 2012," United Forum of Bank Unions (UFBU) Convener M V Murali
said.
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.
"Long pending demand of holiday on second and fourth Saturdays for the
bank employees have also been reached," AIBEA General Secretary C H
Venkatachalam said.
Last week, Finance Minister Arun Jaitley had appealed to bank employee
unions to call off their strike as talks were on for a revision of wages
of employees.
The Minister said banks are already in negotiations with their unions
and associations for wage settlement and "the bipartite negotiations in a
cordial manner is the only available tool for settlement".
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: Business Standard, 23 Feb 2015
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