Bank employees have begun to voice their displeasure over what they call the Government's ‘casual’ approach in settling their wage accord, which is overdue. The 9th wage settlement expired in October 2012. A year has passed but negotiations have hardly taken off, said C.H. Venkatachalam, General Secretary, All India Bank Employees Association (AIBEA). The 10th bipartite talk between bank unions and Indian Banks Association (IBA) to decide on the quantum of wage increase for bank employees is currently on. Each settlement is valid for five years. The current settlement would be valid from November 2012 to October 2017. Read more >> Click here
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