Bank Bipartite negotiation between UFBU and IBA: Possibility of significant hike stands remote
On the eve of next bipartite negotiation
between UFBU and IBA, scheduled the 3rd February’15 at Mumbai,
possibility of significant rise in salary is looking a distant
probability. As per sources, the deal is likely to be concluded soon,
within just one or two more meeting and the rise will be only around 13%
of pay slip components. The bipartite negotiation is likely to be
signed within a month.
In the meantime Union minister of state
for environment and forest Prakash Javadekar hinted that bank employees
should not expect a significant salary hike.
Javadekar said the public sector banks are facing a challenge of non-performing assets (NPA) and their finances are strained.
Read more at : Times of India (Pune Edition)
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