Dear All,
IBA has signed a wage settlement pact with the United Forum of Bank Unions and a few others, for a 15
per cent increase in salary and allowances to about a million employees. The wage revision is with effect
from November 1, 2012, and is valid for five years.
Following a pact between public sector bank (PSB) employees and officers with the management, all
branches in the country will remained closed on all second and fourth Saturdays from July.
L.C.Khatri
(secretary)
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