Bank employees
may come under 7th Pay Commission
Even after several
rounds of talks between bank employee unions and the Indian Banks Association
(IBA), there seems to be no consensus on the quantum of salary hike for over
800,000 employees at different public sector lenders.
While the IBA has
indicated that the maximum hike that can be offered to employees is about 11%,
unions are demanding a 25% raise.
With the stalemate still
continuing, sources said a proposal could also be considered to bring them
under the purview of the Seventh Pay Commission, which has already been
constituted. A large section of bank employees are, however, unwilling to do
the same.
“There needs to be an
end to the stalemate and this is an option that has also come up,” an official
source who refused to be identified said.
IBA chairman, TM Bhasin,
however, told HT that there was no proposal to bring bank employees under the
purview of the pay commission. “IBA has no such consideration and no proposal
has come to the IBA,” he said.
“There have been some
reports of bringing the bank employees under the purview of the pay commission
but we are completely opposed to such a move,” said CH Venkatachalam, general
secretary, All India Bank Employees Association.
The salary revision of
bank employees is due since November 2012.
Unions meanwhile have
threatened to go on a strike on November 12. There could even be an indefinite
strike thereafter if the issue is not addressed, union representatives said.
A senior bank executive
said the issue of wage settlement would have to be sorted at the earliest and
the finance ministry could intervene to ensure that the deadlock comes to an
end.
“At a time, when the
Pradhan Mantri Jan Dhan Yojana is underway and targets have to be met, there is
little scope to lose time,” he said.
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