Bankingonly :: Bank Employees’ Unions & Officers’ Associations in IndiaUntitled Document
Bank Employees’ Unions & Officers’ Associations in India
In Indian banking industry employees unions and officers associations are playing vital role in the working of industry. It is symbol of strong employees unions in the banking industry in India that banking industry is on the verge of 9th wage revision and the central government employees get their wage revised only the 6th time.
In banks, officers are member of associations and rest employees are member of unions.
The management of all banks are organized and named as Indian Banks Association (IBA) and this is the governing body of banking management in India. Likewise all major employees unions and associations are organized on a single forum named United Forum of Bank Unions (UFBU).
The following employee’s organizations are active in the banking industry of India:
The Narendra Modi is first Prime Minister of India who has praised contribution of bank employees. Bank employees are getting 40% less salary than central govt employees after implementation of 6th Pay commission. The bank unions demanded 25% salary increase. The rumor is floating in banking industry that govt to rewarding bank employees may suo moto announce implementation of 6th Pay Commission in banking industry. According to you: