Five lakh bank staff to receive 15% increment

- Advertisement -

Salaries of about five lakh employees of 29 banks will witness a 15% increase, following the wage pact that the IBA signed with unions and officers’ associations.

This would impose an annual burden of up to ₹ 3,385 crore on banks. Applicable from November 2017 to October 2022, the revision will benefit employees and officers in 12 public sector banks, 10 private banks and 7 foreign banks. For the first time, uniform basic, DA, HRA, special allowance and transport allowance were being offered, major unions said.

.

Disclaimer: This post has not been edited by our staff and is published from a syndicated feed. The Original Source of this post can be found at Source link

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest

Tamil Nadu has 5.56 lakh vaccine doses

Tamil Nadu now has 5.56 lakh doses of COVID-19 vaccines, and is expecting three lakh more doses on Saturday...

Readying for a third wave, Tamil Nadu ramps up infrastructure in...

Government is also sensitising paediatricians with regard to COVID-19 treatment protocols and management As a preparedness measure to counter a third wave of COVID-19,...

As Brazil tops 5,00,000 deaths, protests against President

Thousands gathered in downtown Rio de Janeiro waving flags with slogans such as “Get out Bolsonaro. Government of hunger and unemployment” Anti-government protesters took to...

Students prepare for entrance exams, pursue hobbies as wait for results...

With the Central Board of Secondary Education (CBSE) announcing how the Class 12 marks are to be tabulated. Students now have till the end...

Karur Collector stumbles on Karunanidhi’s inspection note

Former Chief Minister M. Karunanidhi, who was among the first 15 members of the DMK to enter the Legislative Assembly in 1957, had earnestly...
- Advertisement -

More Articles

- Advertisement -