30 months is the the Average delay in bank wage revision
There were 20 rounds of negotiations during the last BPS and it was delayed by 30 months. For next wage revision (11th bipartite settlement), which is already due from 1st November, 2017, charter of demand has been submitted by UFBU but negotiations are going on.
As on date 11th BPS has already been delayed by 20 months. But do you know, how much time it took in past to get the salary revision by the bankers?
Since 1966, there have been 10 bipartite settlements so far and to your surprise, it never happened on time. The least time taken for bankers’ salary revision after its due date was 9 months, which was in 1st and 2nd BPS.
This delayed timing has been kept on increasing and the 8th BPS was delayed by as high as 32 months i.e., almost by 4 years.
Average time taken for the ten bipartite settlements happened so far is 23 months, least being 9 months and highest 32 months.
For the last 5 bipartite settlements this delay has been 30 months.
Delays in bipartite settlements so far:
|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|
You may like:Download List of finacle commands
Bankers were expecting that the NDA government is positive about their wage revision, as two letters were written by DFS to IBA before 1st November 2017 to start the negotiation process and implement the same within time. But it’s the business as usual and this settlement is also going on the lines of the previous.