Just can not understand IBA.
IBA has power to negotiate, But it can not be questioned.
It is not Government body. But it has power to determine the salary of Employees working in Government bank.
It says it had no power to decide and direct member banks, but it has decided and directed its member banks to give Advance of one month Basic pay + DA, which was duly obeyed by its member banks.
But still in the court, it presents itself as a voluntary association of banks.
GREAT IBA...
Thanks
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