2615 Crores has been provided by SBI for wage and pension.

The State Bank of India has made provisions of Rs 2,615 crore towards the pending wage revision and pension dues settlement. The bank had to make additional provision of Rs 1,002 crore towards pension in order to comply with accounting standard 15, where additional prudential provision had to be made with actuarial valuations.
All the 27 public sector banks under the aegis of the Indian Banks Association are negotiating for wage settlement for the ninth bipartite settlement. It is expected that the banks will have to raise wages by 15-18 per cent.
A provision of Rs 1,040 crore was made aggregating to Rs 1,615 crore for the November 2007-December 2008 period for the bank’s estimated liability in respect of wage
revision.
The eighth bipartite settlement entered into by the Indian Banks Association (IBA) on behalf of the member banks with the All India Unions of Workmen expired on October 31, 2007.
According to a senior SBI official, “The talks for the new wage settlement are going on and the provisions are made in advance in compliance with our accounting norms. We make provisions periodically so that it takes care of the additional expenses that the bank will accrue once the settlement comes through.”
The bank’s pension fund rules state that the bank is liable to contribute 10 per cent of the salary to the pension fund. The government has advised the bank to contribute to the pension fund in accordance with the fund’s rules. However, in order to comply with the accounting standard 15 (revised in 2005) and to make adequate prudential provisions in accordance with the actuarial, the bank had to make the additional contribution.
SBI has taken up the matter with the government for amendment of the Pension Fund Rules. According to the AS 15 stipulations, the bank will have to make additional provisions. In the corresponding period a year ago, the bank had made a contribution of Rs 793 crore.

Source : SBI official.