Tag wage settlement
It is the first MOU that has been signed within 14 months of the expiry of the previous settlement. There is a positive development for pensioners, as all pensioners as on 31st October 22 will now receive a long-awaited “ex gratia” amount.
After prolonged discussions and protracted negotiation on various financial and non-financial issues, the long-awaited settlement has been reached between IBA and all constituents of UFBU for all scales of officers.The highlights and salient features of the settlement with the officers’… Continue Reading →
After a long and protracted negotiations for more than three years and after overcoming many impediments and hurdles, finally, the 11th Bipartite Settlement on revision of wages and improvement in service conditions of bank employees has been signed today with… Continue Reading →