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Banking Articles: Bank Employees Issues::Salary

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State Bank PO Starting Salary in India
  Bank Probationary officers starting salary in State bank of India is higher than other public sector banks. The last revision of salary of Bank PO has taken place wef 1st November, 2007 and is valid for 5 years. All newly recruited POs are placed in the following scale at the 1st stage of the same but in SBI four additional increments are granted in initial stage.   Read
  By: Raj Kumar12 Apr 2014Bank Employees Issues::SalaryView 15190
 
10th Bipartite Settlement of banks: Cost to the Company concept
  National Union of Bank Employee (NUBE) vide their circular 03 / 2013 dated: 11-06-2013 has explained what is Cost to the Company concept. It is very rightly explained by NUBE.    Read
  By: Raj Kumar (Source: NUBE)21 Jun 2013Bank Employees Issues::SalaryView 2358
 
Know about Indian Institute of Banking & Finance (IIBF)
  All bank employees are familiar with name Indian Institute of Banking & Finance (IIBF). Whosoever joins any bank either as officer or as office assistant he or she came to know about importance of exams conducted by Indian Institute of Banking & Finance (IIBF).   Read
  By: Raj Kumar31 May 2013Bank Employees Issues::SalaryView 1093
 
Bank employees to observe All India Demand Day on 10th May, 2013
  All India Bank Employees Unity Forum (AIBEUF) has decided to observe ‘ALL INDIA DEMAND DAY’ on 10th May, 2013 with en-mass mobilization of bank employees. In this regard three circulars issued by All India Bank Employees Unity Forum (AIBEUF) are given below for detail information:-.    Read
  By: Raj Kumar30 Mar 2013Bank Employees Issues::SalaryView 1193
 
10th Bipartite Settlement of bank employees /officers: Update of 22/02/13and 04/03/13
  First meeting between Indian Bank Association (IBA) and United Forum of Bank Union (UFBU) held on 22nd February, 2013. It was a preliminary round. UFBU has advised a brief as under:- Shri K R Kamath, CMD, PNB represented IBA team and UFBU was represented by leaders of 9 constituent unions.    Read
  By: Raj Kumar06 Mar 2013Bank Employees Issues::SalaryView 2445
 
Promotion policy in PSBs
  Government of India, Ministry of Finance, Department of Financial Services has issued guidelines to all Public Sector Banks regarding Promotion policy in PSBs vide circular no F.No.4/11/1/2011-IR Dated the March 14th, 2012 and F.No.4/11/1/2011-IR Dated the May 3, 2012.    Read
  By: Raj Kumar27 Feb 2013Bank Employees Issues::SalaryView 1697
 
Wage Revision: 9th Bipartite Settlement
  In 9th bipartite settlement Memorandum of Settlements was signed 27.04.2010. between Certain Banking companies as represented by Indian Bank Association (IBA) and their workmen as represented by All India Bank Employees Association , National Confederation of Bank Employees, Bank Employees Federation Of India & Indian National Bank Employees Federation (Banking Unit INTUC).    Read
  By: Raj Kumar24 Jan 2013Bank Employees Issues::SalaryView 2270
 
Wage Revision: 5th Bipartite Settlement
  In 5th bipartite settlement Memorandum of Settlements was signed on 10th April 1989 between Certain Banking companies as represented by Indian Bank Association (IBA) and their workmen as represented by All India Bank Employees Association, National Confederation of Bank Employees & Indian National Bank federation (INTUC). Salient features are as under:-    Read
  By: Raj Kumar22 Jan 2013Bank Employees Issues::SalaryView 3152
 
Wage Revision: 4th Bipartite Settlement
  For fourth bipartite settlement 4 Memorandum of Settlements were signed on 17.09.1984, 28.02.1985, 05.01.1987 & 29.03.1087 between Certain Banking companies as represented by Indian Bank Association (IBA) and their workmen as represented by All India Bank Employees Association & National Confederation of Bank Employees.    Read
  By: Raj Kumar19 Jan 2013Bank Employees Issues::SalaryView 2442
 
3rd Bipartite Settlement
  For third bipartite settlement three Memorandums of Settlements were signed on 1.08.1979, 31.10.1979 & 22.11.1979 between Certain Banking companies as represented by Indian Bank Association (IBA) and their workmen as represented by All India Bank Employees Association & National Confederation of Bank Employees.    Read
  By: Raj Kumar18 Jan 2013Bank Employees Issues::SalaryView 3228
 
Timelines for Promotions/Transfers in PSBs
  Ministry of Finance, Department of Financial Services has issued guidelines to all Public Sector Banks regarding ’Timelines for Promotions/Transfers in PSBs’ vide circular no F.No.5/5/2012-IR Dated the May 3, 2012 and F.No.5/5/2012-IR Dated the July 9, 2012. Both the circulars are attached for your ready reference.    Read
  By: Raj Kumar25 Jul 2012Bank Employees Issues::SalaryView 1175
 
Starting Salary, Perk and facilities to Bank Probationary Officer (PO) in India
  Salary in banks decided by all banks management body Indian Banks Association (IBA) and all banks employees umbrella organistion United Forum of Bank Unions (UFBU). The present salary is based on 9th Bipartite Settlement which was signed on 27.04.2010.    Read
  By: Amit07 Aug 2011Bank Employees Issues::SalaryView 16877
 
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