The workers` unions did not accept this offer. The next meeting will decide on the final agreement. 3,385 crowns are provided for non-officers; The rest for the officers. The collective agreement applies from November 2017 to October 2022. As a result, the IBA held a two-part meeting in Mumbai. The IBA improved its offer to 13.5%, which was not acceptable to trade unions because it was insufficient. What the bank settlement in two parts, the liquidation in two parts of the bank is the billing of bank employees as the salary commission in the central work of the government The final decision on more receivables such as the bank of 5 days, the rules of leave, retirement, etc., which were also part of the 11th bipartisan billing, will be known as soon as a detailed billing note is published. So will the bank`s employees receive their 20% pay increase (which seems very far away at the moment) or settle for 15% that will be known in the coming months after a mutual agreement. The union`s demands under the 11th rule of both parties: the banking unions and the Association of Indian Banks (IBA) signed a two-part collective agreement on Wednesday, which gave bankers a 15 percent increase and a payroll increase of 7,900 kronor per year. July 2020 News: The 11th two-part agreement with wage review was officially concluded and a Memorandum of Understanding (MOU) was signed between the Association of Indian Banks (IBA) and banking unions on 22 July 2020.
The public sector banking regime will be based on the operating income or net income of each bank. It is optional for private and foreign banks. Under the agreement, the PLI would be payable to all workers each year above the normal wage. After lengthy discussions and negotiations on various financial and non-financial issues, the long-awaited agreement between the IBA and all UFBU voters for all officer ranks has been reached,” reads a joint statement from four bankers` associations. The UFBU (United Forum of Bank Unions), which represents four workers` unions and four officer associations, as well as BKSM (Bank Karmachari Sena Mahasangh), which were contracting parties to the agreement, signed a detailed bipartisan settlement and attached note. Since November 2017, most banks have increased the payroll by between 12 and 14 per cent and taken the corresponding provisions for their balance sheets, so that the two-party plan does not immediately hit lenders` finances. The wage review agreement reached on Wednesday will come into force from November 1, 2017 and provides for a 15% increase in the payroll, IBA CEO Sunil Mehta said in a statement. “The Association of Indian Banks is pleased to announce the conclusion of the 11th bilateral wage negotiations with trade unions and banking associations, which are expected to come into force on November 1, 2017. The agreement reached today (Wednesday) provides for a 15% increase in the payroll,” IBA Chairman Sunil Mehta said in a statement. The 15 per cent pay increase would apply over a five-year period starting November 1, 2017. A detailed two-part count or joint communiqué was signed with the UFBU and also BKSM (Bank Karamchari Sena Mahasangh), who were parties to the agreement, according to the statement. AIBOC after the meeting, on its website had published the minutes of the 11th billing in two parts pdf, which confirmed the offer of 15% salary increase, as well as some other updates. They are: in the event of a 15% increase, the new salary of a banking PO after the 11th two-piece is 46,000 to 50,000 USD/month (gross, allowances included).
In the tenth colony in two, 15% of salaries were awarded by the IBA on Saturdays. It was not signed until February 2015, after much discussion, but it should have ended in November 2012. The 11th two-part agreement was formally adopted by the banking association on 22 July 2020.