11th BPS Updates – No 5 Days Banking for the public sector bankers . IBA Chairman narrated the general scenario in the banking sector and the constraints under which all of us were working, particularly in the Public Sector Banks.He pointed out that our demands for wage revision will have to be resolved keeping these constraints in mind to keep the competitive edge.
He also stressed on the job security available in PSBs which cannot be overlooked while discussing the remuneration package.
With this preface,IBA stated that it was difficult to improve the earlier offer and that the distribution will have to be within the overall quantum offered.
IBA also explained the revised offer on PLI.
IBA informed that they were not ready to accept our demand for 5 days banking.
Download the Updates Circular IBA UFBU-2020-01 DATED 13-01-2020 ON TALKS HELD WITH IBA