Pay hike on the basis of Cost to Company Salary Structure to Bank Employees – Finance Ministry’s suggestion to IBA
INTUC national president Call to increase retirement age of bank employees to 65
The pay scales of employees in Public Sector Banks (PSBs) are determined as per the agreement between the management and Associations/Unions every five years. Besides the pay, employees in banks are also entitled to a number of other allowances and benefits.
There is no proposal to revive Banking Service Recruitments Board as recruitment is done by individual Banks on an ongoing basis, which takes into account the results in common examination conducted by the Institute of Banking Personnel Selection (IBPS).