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Bank Employees To Receive 17% Annual Wage Hike; IBA, Unions Sign Joint Note

All female employees would be permitted to take one sick day each month under the new wage settlement without having to provide a medical certificate.

New delhiIndia bankIndian banks associationIndia ai missionElon musk firmx has overAll india bank officer confederationAlso readGood news for jobElon muskFirmx has overComponents of cabinetNewly launched planDearness allowancePublic sector banks

Only 12,500 claims in 10 years under PMJDY accident insurance cover

Out of 12,539 claims, a total of 8,199 were paid between April 1, 2014 and December 7, 2023, finance minister Nirmala Sitharaman has said. The number of beneficiaries is 34.71 crore

Nirmala sitharamanNirupam royJan dhan yojanaSubhash chandra khuntiaPradhan mantri jan dhan yojanaNitin gadkariChandan sinhaLok sabhaDevelopment authority of indiaIndia bankFinance ministryFinance minister nirmala sitharamanChandra khuntiaInsurance regulatoryDevelopment authorityRoad transport

IBA signs MOU with bank employee unions on wage revision & allowance increase of 17 percent

Last time, in November 2020, IBA and bank employee unions had signed a bipartite settlement agreeing a 15 percent increase in pay for bank employees.

Nirupam royBhagwat karadKrishna kumarIndia bankIndia punjab national bank officers federationIndian bank associationGeneral secretaryAll india bank officer confederationDearness allowanceNegotiable instruments actFinance ministryAnk employees unions bank wage revisionBank employees salary hikeBank employees allowances

Big, bad loans hit a record high in India

This raises questions about political interference, corruption and accountability of officials. Read more at straitstimes.com.

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IBA, bank employee unions agree on wage settlement: Trade Unions

The wage revision for employees and officers of the public sector banks will be effective from November 1, 2022.

Nirupam royIndian bank associationIndia bankGeneral secretaryAll india bank officer confederationPerformance linked payTrade unionsWage settlement

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