News: PSU bank employees will now enjoy 15% hike

Benefits & Rewards

PSU bank employees will now enjoy 15% hike

Nearly 10 lakh bank employees will now enjoy a 15% increase in salary and two more holidays a month: the second and fourth Saturdays, after the Indian Banks' Association signed a wage settlement with bank unions on Monday and fixed other terms as well.

Nearly 10 lakh bank employees will now enjoy a 15% increase in salary and two more holidays a month: the second and fourth Saturdays, after the Indian Banks' Association signed a wage settlement with bank unions on Monday and fixed other terms as well. "The Reserve Bank of India has given an in-principle approval to banks for allowing holidays on every second and fourth Saturdays of a month," said TM Bhasin, chairman and managing director, Indian Banks' Association (IBA). "We have swapped four half-working Saturdays with two full working days." aid TM Bhasin, chairman and managing director, Indian Banks' Association (IBA). "We have swapped four half-working Saturdays with two full working days."

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Topics: Benefits & Rewards, #National, #Updates

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