11th Bipartite Settlement Meeting on 5th May, Salary Rise for Bankers Before Elections

Next 11th Bipartite Settlement Meeting between Bank Union and Indian Banks Association is scheduled to be held on 5th May. Modi Government may gift increase in salary to bank workers keeping in view the upcoming Loksabha Elections. Government has started its efforts to convince angry voters of service class by targeting bankers first. After rounds of meeting between IBA and Bank Unions, the matter of Increase in salary of around 10 lakh bank workers is still pending since November 2017.

Central  Government has already written a letter followed by reminder to complete the wage negotiation process by 1st November 2017. But there is no significant development after rounds of bipartite meetings held between IBA and bank unions.

Demand for 25 percent increase in Salary

Bank Unions have demanded for 25 percent increase in salary in earlier meetings held between bank unions and IBA. But Indian Bank Association has not given any hint on what they want to give.

Around 10 Lakh Bankers to get benefits

With the implementation of 11th Bipartite Settlement, around 10 lakh bank employees across the country will get benefited. Government will also get benefits in upcoming Loksabha Elections.

Implementation History of Bipartite Settlement

Looking at the implementation history of bipartite settlement of bank employees, it is clear that salary revision never implemented on time and is being always delayed.

	Due Date	Actual Date	Delay
1st Bipartite settlement	0 1/01/1966	19/10/1966	9 months
2nd Bipartite settlement	01/01/1970	12/10/1970	9 months
3rd Bipartite settlement	01/09/1978	01/08/1979	11 months
4th Bipartite settlement	01/09/1982	17/09/1984	24 months
5th Bipartite settlement	01/07/1987	10/04/1989	21 months
6th Bipartite settlement	01/11/1992	14/02/1995	28 months
7th Bipartite settlement	01/11/1997	27/03/2000	29 months
8th Bipartite settlement	01/11/2002	02/06/2005	32 months
9th Bipartite settlement	01/11/2007	27/04/2010	30 months
10th Bipartite settlement	01/11/2012	25/05/2015	30 months
11thBipartite settlement	01/11/2017	—	Still pending

During the previous 10th bipartite settlement , around 20 rounds of wage negotiations meeting with IBA were held before final settlement. Following the above trend of delay in wage revision, you can guess the delay in next wage revision.