NEWS & ADVICE : PERSONAL LOAN
Details of wage hike likely to be out within 3 months
By Vaibhav Aggarwal
Dec 9, 2009
Print    Email    RSS   

The core committee appointed by Indian Banks Association (IBA) to calculate modalities involved in the proposed wage hike and pension benefits for bank employees is expected to come out with its report within 90 days.

Banks and staff unions had come to a consensus on a 17.5 percent wage hike for the benefit of 702,000 public sector employees.

However, SBI union rejected the proposed hike and demanded a separate wage revision.

"We do not agree with the proposed salary hike for bank employees. The SBI employees demand that the increase should be at par with the salary of the Central government employees,"said AISBOF vice-president SK Haldar.

MV Nair, the Chairman and Managing Director of Union Bank of India, said that he expected the report within three months. Nair is also the chairman of IBA.

Nair, who was in Chandigarh to inaugurate the 10 branch of UBI in the city said, "At present, we have a network of 2,774 branches across India and plan to open 250-300 branches in a year's time. Also, we are going to hire about 2,000 people. In the Northern region, we are planning to add 16 more branches in Punjab and 11 more branches in Himachal Pradesh."

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
An analysis of alternatives to personal loans
Pros and Cons of Personal loans
Gold based financing; 'loan to buy gold...
Bankers concerned on RBI loan recovery...
Personal loans in India: Features and...


HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive