Govt representative IBA and Bank Employees representatives UFBU are now in close talk about salary revision of bank employees.
7th Pay Commission constitution by central govt has also made thrust and moral binding on govt to finalise long pending salary revision of more than ten lac bank employees of the country.
The details on talk fixed on 11.010.2013 is awaited.
In banking industry 11.10.2013 talk deemed the final talk and bank employees are hopeful of final negotiation.
As indication received from govt sources govt is also willing to settle demands of bank employees with total increase of approx 30 percent with merger of 60% DA.
As per bank employees union sources after constitution of 7th Pay commission for salary revision of central govt employees a section of unions are in view of submission of supplementary demand which may affect talk.