Bankers' Club

Wage Revision of banks employees’ is done through bipartite settlement between UFBU and IBA.  11^th bipartite settlement is due from 1^st November 2017. Government of Indian has already written a letter followed by a reminder to complete the negotiation process to meet the timelines of 11^th bipartite settlement date which is 1^st November 2017. After the followup from Government, UFBU has submitted the Charter of Demand for 11th bipartite settlement.

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But after that, there is no significant development and there seems no chances of bankers would get their salaries increased on time.

If you look into past trend, it clearly shows 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 mind the past trend, you can guess the actual 11th bipartite settlement date.

	Due Date	Actual Date	Delay
1st Bipartite settlement	1.01.1966	19.10.1966	9 months
2nd Bipartite settlement	1.01.1970	12.10.1970	9 months
3rd Bipartite settlement	1.09.1978	1.08.1979	11 months
4th Bipartite settlement	1.09.1982	17.09.1984	24 months
5th Bipartite settlement	1.07.1987	10.04.1989	21 months
6th Bipartite settlement	1.11.1992	14.02.1995	28 months
7th Bipartite settlement	1.11.1997	27.03.2000	29 months
8th Bipartite settlement	1.11.2002	02.06.2005	32 months
9th Bipartite settlement	1.11.2007	27.04.2010	30 months
10th Bipartite settlement	1.11.2012	25.05.2015	30 months

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

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During the 10^th Bipartite Settlement, there were 20 rounds of negotiations with IBA before final settlement. For next wage revision (11^th 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.

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The good sign for 11^th 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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