Bank Bipartite negotiation between UFBU and IBA: Possibility of significant hike stands remote

Bank Bipartite negotiation between UFBU and IBA: Possibility of significant hike stands remote

On the eve of next bipartite negotiation between UFBU and IBA, scheduled the 3rd February’15 at Mumbai, possibility of significant rise in salary is looking a distant probability. As per sources, the deal is likely to be concluded soon, within just one or two more meeting and the rise will be only around 13% of pay slip components. The bipartite negotiation is likely to be signed within a month.

In the meantime Union minister of state for environment and forest Prakash Javadekar hinted that bank employees should not expect a significant salary hike.
Javadekar said the public sector banks are facing a challenge of non-performing assets (NPA) and their finances are strained.