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Saturday, 28 June 2014

Bank unions seeks Jaitley’s intervention in arriving at early wage revision

Bank unions on Friday urged the Finance Minister Arun Jaitley to intervene in the wage revision matter and ensure that the current stalemate in the negotiations towards the 10th bipartite settlement is quickly sorted out.

The wage negotiations between bank unions and the Indian Banks Association (IBA) are in a deadlock with the latter’s offer of 11 per cent wage hike not acceptable to employees.

“Finance Minister gave a patient hearing to representatives of bank unions. He has assured to get the details from Banking Secretary and look into it”, C.H. Venkatachalam, General Secretary, All India Bank Employees Association (AIBEA) told Business Line after a nearly thirty minutes meeting with the minister. Read more