Wage Revision of banks employees’ is done through bipartite settlement between UFBU and IBA.  11th bipartite settlement is due from 1st November 2017. Till date no significant progress has been seen in this matter despite the letter from government of Indian followed by a reminder to complete the negotiation process to meet the timelines of 11th bipartite settlement date which is 1st November 2017.

Also read : 11th bipartite Settlement – Charter of Demand

There is trend that salary revision of bank employees in India are always delayed and salary revision never happen on schedule time. We have complied the data about how much the previous bank wage revisions were delayed. Keeping in mide the past trend, you can guess the actual 11th bipartite settlement date.

Due DateActual DateDelay
1st Bipartite settlement1.01.196619.10.19669 months
2nd Bipartite settlement1.01.197012.10.19709 months
3rd Bipartite settlement1.09.19781.08.197911 months
4th Bipartite settlement1.09.198217.09.198424 months
5th Bipartite settlement1.07.198710.04.198921 months
6th Bipartite settlement1.11.199214.02.199528 months
7th Bipartite settlement1.11.199727.03.200029 months
8th Bipartite settlement1.11.200202.06.200532 months
9th Bipartite settlement1.11.200727.04.201030 months
10th Bipartite settlement1.11.201225.05.201530 months

The trend shows that last 5 bipartite settlement wage revisions were were delayed by around 30 months.

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During the 10th Bipartite Settlement, there were 20 rounds of negotiations with IBA before final settlement. For next wage revision (11th bipartite settlement), which is due on 01.11.2012, negotiations are yet to start, if it follows the past trend, you can understand, what time it is going to take and when it is going to be implemented.

READ  No Progress on 11th Bipartite Settlement Due in Nov 17

The good sign for 11th bipartite settlement is that the NDA government is positive about this, which is evident from the already two letters written by DFS to IBA and bank unions to start the negotiation process and implement the same within time. But it is to be seen that what hike government will offer and where our unions will settle.

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