11th BPS Update: Next meeting for Wage Negotiation on 30th November

Indian Bank Association (IBA) has called next meeting on 30th November 2018 for discussions on wage negotiation. 

The wage revision by way of 11th bipartite settlement is due from 1st November 2017. Round of meetings of taken place between IBA and UFBU but nothing concrete have emerged.

By analyzing the trend of 10 bipartite settlement, signed so far, we find that 30 months is the average delay in signing wage pact from the date when it becomes due. By that way, its still only 12 months so far and 18 more months to go when bankers can hope for it  🤐. And what will be the final outcome, that remains a mystery.   

In a letter written to United Forum of Bank Unions (UFBU), IBA informed that it has been decided to hold next meeting of Negotiation Committee of IBA with the representatives of Constinuent Workmen Unions/ Officers’ Associations on Friday, 30th November 2018 at 10.30 am in IBA Office, Mumbai.

Representatives of 9 Employee Unions/Associations to be part of the meeting including AIBEA, AIBOC,  NCBE, BEFI & NOBO.