Finmin asks IBA to look at bank retirees' demands within seven days

 The finance ministry has asked the banking industry lobby, the Indian Banks' Association (IBA), to look at certain demands raised by retired bank employees related to retirement benefits.

During the meeting with the All India Bank Pensioners & Retirees Confederation (AIBPARC) on June 19, Finance Minister Nirmala Sitharman asked IBA to respond to the demands of the association within seven days, said (AIBPARC) President K.V. Acharya to Moneycontrol.

"The FM said that she will talk to the IBA and ask them to give their response to all of the issues within the week," said Acharya.

The association has put demands including, pension updation, 100 percent uniform rate of DA neutralisation, and medical insurance scheme premium to be borne by the banks for retirees among others.