15% increase in monthly salary for the 9 Lakhs public sector bank employees
Posted on: 23/Jul/2020 12:01:57 PM
Prospects have arisen for a 15% increase in the monthly salary for all the employees of the public sector banks.
In this, an agreement has been given for a 15% increase in the monthly salary as per the discussions conducted by the Indian Banks’ Association with the Bank Employees Unions.
This salary increase will entail an additional expenditure of Rs. 7900 Crores for the central government. This proposed/approved monthly salary increase will benefit 9 Lakhs, bank employees. Information is gathered that this increase will be effective from November 2017 and the arrears due will be paid.
The central government has been emphasizing the system of wages based on the employee’s skills/performance.
It is also learned that there are prospects for a further salary increase for the employees working in the banks operating with profits!
