News: PSU bank employees will now enjoy 15% hike

#National

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. "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."

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."

Read Economic Times full report here

Topics: #National, #Updates

Did you find this story helpful?

Author

QUICK POLL

Is India Inc ready to support the gig economy?

On News Stands Now
q_auto,f_auto/v1575666839/mag-december-2019.png

Subscribe now to the All New People Matters in both Print and Digital for 3 years.

.

Subscribe
And Save 59%

Subscribe now

How likely are you to recommend our content to a friend or colleague?

01
10
Selected Score :