Six Public Sector Banks have given their mandate to negotiate salary of all the
employees of banks. The six banks which are State Bank of India (SBI),
Punjab National Bank (PNB), Bank of Baroda (BoB), Indian Bank, Union Bank of India and Oriental Bank of Commerce
have given conditional mandate to IBA to restrict negotiate up to Scale
III or IV only.
Bank’s Union have shown their displeasure against the unconditional
mandate of these banks. They have written to Department of Financial
Services to relook the matter and lodged their protest against the bank’s
management decision.
It’s difficult to say at this moment whether decision taken by banks
are correct or not to settle salary only up to Scale III/IV in 11th
Bipartite Settlement or not ?
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