Tuesday, September 30, 2014

Positive News On Wage Revision



G S Sandhu to hold talks with Indian Bankers Association representatives-Economic Times 30.09.2014

NEW DELHI: Financial
Services Secretary G S Sandhu will today hold talks with representatives of
Indian Bankers Association (IBA) for an early settlement of  wage revision negotiations.

"Reserve Bank of India is negotiating with the banks  employees as there is a gap between the demand and offer. Today, I am also going  to call IBA representatives to break this dead block as earliest as  possible,"Financial Services Secretary G S Sandhu said on the sidelines of an
event here.


The wage revision of public sector bank employees has been due since November,  2012. In the last round of wage revision settlement signed in 2010 for  2007-12, the management had given 17.5 per cent raise in the total salary.


Bank employees had gone on two-day nation-wide strike in February to  press for their demands. Citing high inflation, it rejected the management's offer of a 10  per cent hike in the cash component of the pay package.





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. 


Sandhu further said that the number of accounts opened under the  Pradhan Mantri Jan Dhan Yojana has touched nearly 5.1 crore. Besides, 1.6 crore  RuPay debit cards have been issued so far.

http://economictimes.indiatimes.com/industry/banking/finance/banking/g-s-sandhu-to-hold-talks-with-indian-bankers-association-representatives/articleshow/43898136.cms


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