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wage revision settled at 15%

Happy to inform that in today's talks, wage revision settled at 15%(Rs. 4725 crores) w.e.f 1.11.2012. 2nd and 4th Saturday's will be holidays and other Saturday's will be full working days. Strike deferred. Detailed circular follows.
Harvinder singh

IBA CIRCULA

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1stNovember 2012

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Bank employees’ pay to be far more attractive from April 1: Vinod Rai ****Bank officers want pay equality with central govt officers*****Stop transferring bank employees*****Govt asks 10 banks to cut staff benefits for capital*****PM Modi Says Rs 500 And Rs 1,000 Notes Being Discontinued. ***demonetises Rs 1,000 & Rs 500 notes****