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Govt asks PSBs to finalise next wage revision before November 1

Govt asks PSBs to finalise next wage revision before November 1

Sunday, April 9, 2017, 3:18 PM

The finance ministry has asked the heads of public sector banks to finalise the modalities for timely implementation of the next pay revision from November. Wage revision of public sector bank employees takes place every five year. Last revision was effected in November-2012. In the last wage negotiation between PSU banks employee unions and bank management, Indian Banks' Association had settled at 15% hike.
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