Every five years, the Indian Banks’ Association (IBA) and bank employee unions negotiate a new Bipartite Settlement — the agreement that determines wages, allowances, and service conditions for lakhs of public sector bank employees. Since the first settlement in 1966, India has had twelve completed settlements. The thirteenth is currently Read more…
The 13th Bipartite Settlement is the upcoming wage revision agreement for approximately 8 lakh public sector bank employees, effective from 1 November 2027. The Department of Financial Services issued a directive on 20 April 2026 (ref: eF. No. 4/2/1/2026-IR) instructing banks and the IBA to conclude negotiations within a maximum Read more…
DA for Bank Employees from February 2018 to April 2018 has to increased by 1.10 % (Read: How DA for Bank Employees is calculated). Bank Strike on 15th March 2018 DA slabs for the next quarter, February 2018 to April 2018 will be 527 i.e., 52.70 %. That means an expected Read more…
According to a news report, Central Government is seeking to revamp the existing practices in Human Resource and Risk Management in Public Sector Banks. Suggested changes include hiring in specialized verticals at senior levels from private sector, establishing remuneration committee an making the board more accountable. The function of management Read more…
As we predicted, DA for Bank Employees from November 2017 to January 2018 has increased by 3.80 % (Read: How DA for Bank Employees is calculated). DA slabs for the next quarter, November 2017 to January 2018 will be 516 i.e., 51.60 %. That means there is an increase in DA Read more…
11th Bipartite Settlement is due from 1st November 2017 for which negotiations are under process. UFBU has already submitted Charter of Demand for 11th BPS in June 2017. Here is the latest update on 11th Bipartite Settlement. 3rd Round of Core Group Meeting of Officers was held on 9th October Read more…
Wage Revision of banks employees’ is done through bipartite settlement between UFBU and IBA. 11th bipartite settlement is due from 1st November 2017. Government of Indian has already written a letter followed by a reminder to complete the negotiation process to meet the timelines of 11th bipartite settlement date which Read more…
Dearness Allowance has increased by 2.20% for Bank Employees for the period August 2017 to October 2017. In other words, there is increase of 22 slabs in DA for bankers. (Read how DA for Bank Employees is calculated). [irp posts=”2346″ name=”Summary of Charter of demand for 11th Bipartite Settlement”] [irp posts=”2483″ name=”Merger Read more…
Charter of demand for 11th Bipartite Settlement has been submitted jointly by AIBOC, AIBOA, INBOC & NOBO. This 11th BPS Charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees. The charter of demand for wage revision is Read more…
11th Bipartite Settlement is due from 1st November 2017. Charter of demand for 11th Bipartite Settlement has been submitted jointly by AIBOC, AIBOA, INBOC & NOBO. This Charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11th bipartite settlement for Read more…