11th Bipartite wage settlement for banker due since November 2017 .No one say it will be finalized. IBA and various bank want variable pay formula as per health profitability .and capacity to abosorb higher wage cost.
Last talk between IBA and bank union was held on 21st June after the three month break of Loksabha pool. Next talk will be held after budget .
The capacity to pay is an important factor for wage increase. A new formula already drafted by various bank that a minimum wage increase at certaiul level after that bank will decides and it will market oriented.Variable pay will varies every quater and it will depends on performance and bank's profitbality. Separate package for workman and officer also as per bank profit.
this is 1st time after 1966 bank will ready to introduces variable pay formula.
For details we have to wait more few month
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