10th BIPARTITE SETTLEMENT(BANK WAGE REVISION) UPDATE

The United Forum of Bank Unions (UBFU) has shown deep concern over the slow progress of negotiations between IBA and UBFU to settle the 10th bipartite wage revision.

In this matter, they have also written a letter to Chief Executive of IBA(Indian Banks' Association) which is given below:

In this letter dated April 28, the UBFU clearly pointed out that only peripheral and non-monetary issues had been discussed so far and discussions on finalization of pay-scales and various other important monetary issues are yet to take place.

The UBFU letter also reminded the IBA that the deadline for conclusion of wage revision, according to the minutes of the discussions signed on February 23, “is fast approaching.”