Time to bury the wage pact in the banking industry
The benchmark for such a pact is the paying capacity of the weakest of the banks and this is unfair to the employees of strong and profitable banks.
If banks want to recruit locally for rural pockets, they cannot discriminate between urban and rural staff in terms of wages, even though the cost of living in rural India is lower than in a city. The only way this can be done is by floating dedicated subsidiaries for rural lending. The RRB experiment has failed.