The employees working in various government banks of the country are going to get good news soon. Soon those employees can get the gift of increase in salary. For this, preparations have been made by the Finance Ministry.
Finalize it by December
According to a report in Business Today, the Finance Ministry has revised the salary structure for the employees of public sector banks. Indian Banks Association i.e. IBA has been instructed regarding the amendment in The ministry has asked the IBA to finalize the wage revision for public sector bank employees by December 1, 2023.
Expired only last year
The current wage of public sector bank employees The agreement has expired on 1 November 2022. Since then talks are going on regarding wage revision, but the solution has not been found yet. The IBA and the unions representing the bank employees are in continuous talks for a wage hike and a new wage agreement. Said that the government is committed to ensure that the interests of the employees of the banks are protected. The government also expressed confidence that the IBA and the bank unions would arrive at a suitable solution at the earliest. The finance ministry has also told the IBA that any further wage negotiations should be completed before the old agreement expires.
This causes delays
Actually the government Even in the case of bank employees, it takes time to reach an agreement on salary hike due to many factors. These factors include topics ranging from the financial condition of the banks to the cost of living of the employees. This is the reason that each time it takes a long time to finalize the agreement.
