Friday, July 8, 2011

Nationalised Bank pay hike from Dec 12 (10th B.P.S) : Process initiates.

IBA likely to ask banks to provide for expected wage hike

Public sector banks are likely to start building up provisions for next wage revision starting December 2012. The Indian Banks Association has sent this proposal to the Reserve Bank of India (RBI) seeking the regulator's approval. 

Update : Nov'2012 : Negotiation Begins

The RBI had asked banks to make advance provisions because bank P&Ls show too much volatility at times of wage revisions. CNBC-TV18's Gopika Gopakumar reports.
Wage revisions in the past have led to a significant impact on public sector banks profitability. It is to avoid this that RBI in its Financial Stability Report said that banks should phase out the provisions due to the liabilities arising out of wage revision.
This will ensure that the burden is not concentrated in the year when the settlement is signed.
The Indian Banks Association has now suggested that banks are building up advanced provisions starting December 2012. That’s when the new wage bipartite agreement will fall due.
IBA has also suggested that each bank make an assumption of the expected wage revision and start providing for it over a period of six quarters. This will ensure that the banks profitability is not hit. IBA has already sent their proposal to the RBI for their approval.
Sources in RBI say this is easier said that done because banks will have to disclose their expectation of wage hike and this may embolden the unions to bargain for higher wages in the next agreement.
Source : Excerpts from a TV show "Reporters' Diary" from CNBC TV 18


73 comments:

IYER CHANDHRA said...

It sounds an interesting begining and a sign to believe timely invocatin of negotiations. However, the next due date is not 1st December 2012 but it is 1st November 2012. It is not that banks individually assert their affordability level. IBA gets the feelers from banks and prepares a base line for negotiations on the basis of submissions from associations/unions. No banker would ever come out with any numbers for sure.

Vikrant Bharti said...

This step is really appreciatable. Pay hike and arrear payment is hitting badly in banks profitability. It seems to be line up and give when due..this procedure should be adopted.It will transparent and easier for union also to demand handsome hike according to profitability of bank.These days our pay package is very less than central govt. The gap should be also filled to avoid left out of talented manpower from banking industry.

Shankar said...

In the previous settlement bank staff members were complaining that due to pension burden 9 th BPS was concluded with an increase of 17.50% only and in case pension issue was not there it would have been more than 30 %.
Now pension issue is closed it is expected that unions will not settle less than 30 % wage increase this time.

A J&K BANK EMPLOYEE said...

This is a bumper news for all bank employees perhaps never before in history if it is implemented on time from 1st Nov.2012.Our IBA Chairman is a visionary leader only they make it possible. A J&K BANK EMPLOYEEs for all bank employees perhaps never before in history if it is implemented on time from 1st Nov.2012.Our IBA Chairman is a visionary leader only they make it possible.

Sanjay Bhatt said...

It is Good News but BEWARE from Union Leaders and IBA also. It is impossible. This time Not an issue of pension then leaders have No excuses. Time will show.Actually We have to send sugetions to leaders like... For DA merging, Allownces etc.
But Don't beleive IBA and Leaders they all are diamonds of same Ring.
Regards.

Sanjay Bhatt said...

Friends,

No reason to Happy.

This time no an issue of pension.
We can see intention of unions in April 2012 through Chartered of Demands from UFBU to IBA.

We have to ready for be a fool.

Best of Luck

Regards

MOHD IKHLAQ said...

Pay ravision is a good relief for employees at this time all bank union must prepare an expected/estimated charter of demand and publish for comments and sugestions/strength & weakness then make it final charter of demand.

banker6008 said...

no way next bipart will be in place at the right time,you know why?Because then unions will not be able to collect levies from the employee.the levi amount increases with the increase amount of arrear,the greater the arrear,greater the levi,delay in bipart means bigger amount of arrears,which means bigger amount of............

ashok said...

10th.BPS IN BANKS
--------------------
THE CONVENOR
UFBU
KINDLY SUBMIT 2 CHARTERS ONE FOR ECONOMIC DEMANDS AND THE OTHER FOR NON MONETARY DEMANDS.
---
PENSIONERS ARE WAITING UPDATION SINCE YOU, SIR FINALISATION OF PENSION PACT IN 1993.
RETIREES BETWEEN 1.11.2002 TO 30.04.2005 ARE GETTING 50PECENT OF PAY DRAWN ONLY FROM 1.05.2005. THEY ARE REQUIRED TO RECEIVE PENSION FROM THEIR DATES OF RETIREMENTS AND ARREARS OF COMMUTATIONS TOO.
RETIREES FROM 1.04.1998 TO 31.10.2002 HAS GOT PENSION REVISION AFTER 1684 INDEX ONLY FROM 1.05.2005.
THEY LOST THEIR PENSION ARREARS DFROM 1.04.1998 TO 30.04.2005.
THESE RETIREES ALSO DID NOT GET COMMUTATION ARREARS.
RETIREES FROM 1.01.1986 TO 31.10.2007 ARE PATIENTLY WAITING AND WATCHING FOR UPDATION.
RETIREES BEFORE 1.1.1986 ARE GETTING ONLY 300RS. PM AS EXGRATIA AND WAITING FOR SOME ENHANCEMENT.
RETIREES FROM 1.1.1986 TO 31.10.2002 ARE GETTING DEARNESS RELIEF ON TAPERING BASIS WHEREAS RETIREES FROM 1.11.2002 TO TILL DAT AR GTTING DA ON 100 PRCENT NEUTRALISATION.
AT TH TIM OF 2ND OPTION TO PNSION OPTES WERE DISCRIMINATED TOWARDS CALCULATIONS OF COMMUTATION.
RETIREES FROM 1.1.1986 ARE GETTING DARNSS RLIF ON HALF YARLY BASIS WHRAS IN SRVICE BANKERS ARE GETTING ON QUARTERLY BASIS.
PLEASE START TALKS ON THES POINTS AND SHOULD B SIGND OUT OF TH LOAD FOR 10TH. BPS.

THANKS AND RGARDS
ASHOK KUMAR GOL
24.07.2011

sanjeev said...

When working bankers are getting salary equel to Goverment employees than how the pensioner will get the same as centeral goverment.

NISACHAR said...

I have one leader in my office who try to get credit from natural benefit that is sure to come.but they show you that they have done it for you..So i feel really scary that if this time unions settle for less Banks will not get talent that is long due for the middle and top management is sure to be vacant in coming years..working hours fixation is an important issue as unpaid working hours show lack of proffessionalism and lack of proper compensation.

chandan said...

No hope to get bps before mid of 2015 because of levy. Union will ask for 40% but will settle on 15% as a routine since seventh bps.

Ashwani said...

Sir,
There is shortage of bank staff at branch level. The available Staff is made to work overtime and denied his previleage leave of 30 days due to staff shortage. please negotiate with IBA in the forthcoming Settlement that if any staff leave remains unavailed at the year end, then his leave should be encashed immediately as he could not avail it due staff shortage.

Unknown said...

FOR 10th BPS START GROUNDWORK NOW START WRITING LETTERS TO PRIME MINISTER FINANCE MINISTER FIN MIN OFFICIALS AND START GRABBING THE ATTENTION OF MEDIAS AND PROPAGANDA THROUGH INTERNET ETC ETC
START NOW PUTTING PRESSURE ON UNION LEADERS
DONT ACT AS DECENT JENTLEMEN SITTING AT OUR HOME AND POSTING COMMENTS OVER INTERNET PUT ALL POSSIBLE EFFORT TO MAKE 10 BPS A GRAND SUCCESS
DONT FORGET THAT IN INDIA THE PRIZE
WILL GO TO THOSE WHO MAKE MAXIMUM NOISE MAXIMUM LOBBYING AND MAKE MAXIMUM AGITATION

Upendra said...

We expect better hike this time what with unregulated working hrs taking its toll on officers physically and mentally.If unions play spoilsport strong revolt would be inevitable.

amit said...

banking is the backbone of economy. all other sectors are getting better pay revision except bankers. all psus and public sector insurers have better pay packages. its urge from bankers to hoot out our associations & unions
banker from jaipur

SHASHI BHUSHAN KUMAR SINHA said...

SHASHI BHUSHAN KUMAR

We must be ready to initiate ourselves with the local leaders, so that our voices could be raised at the higher ends. However, we should not believe these leaders as they are not for us, they speak in tandem with the IBA and govt. But, we have to increase our voice this time, as no more politics should persist in banking industry during 10 BPS. The main points, which should be raised, according to me, are as follows:
1) Increase in salary in terms of percentage, irrespective of scale and grade from JMG TO TMG minimum of 50% increase.
2) There should be clarity in DA calculation i.e. at par with Central Govt. declaration, let it be on half yearly basis.
3) Provision of Rs.40 lacs housing loan at concessional rates.
4) Provision of paternity leave.
5) Opening of schools by IBA in major cities for wards of bank employees.
6) Handsome increase in Transfer allowance i.e. actual + 200% compensation.
7) Provision of 5 days week and regulated working hours.

ashu said...

initially in 1969 anks and class one govt employee salaries are very comparable ,,just difference of rs 50...ut not this diiference is of 7000-8000 so we just have to ensure tht wewill fill this gap,,,and yes younger generation sud have to be more vigilent for their t=rights.....so aawaaaj uthaooo and saddaaa haq aitthee rakh............

Unknown said...

I agree with Mr Shashi Bhushan that there should be a minimum hike of 50 % in the basic salaries of officers and employees of the PSBs from the current levels. The PSBs are playing a pivotal role in the economic growth of the country and the bankers must be paid reasonable compensation for their tireless efforts. Moreover, the need of five days' week is a necessity in modern work environment. I request all the bankers to deliberate on the issue of salary revision and to come forward with scale wise calculations for expected salaries under 10th BPS. If the bankers feel that a pay commission should be set up for them instead of the BPS , then it is the right time to demand for such a pay commission.A regular interaction through this blog and direct contacts will be a step in right directions for achieving a decent service condition for the bankers.

P BHASKARA SARMA said...

not only this time,even on earlier occasions also it takes 2.5 years for finalisation of bipartite and pay arrears.we got arrears in 2010 now,earlier in the year 2000 and 2005.iba and ufbu take unreasonable postures and waste valuable time and ultimately employees msuffer and lose most of the arrears in ADDITIONAL PF CONTRIBUTION AND INCOMETAX OR PENSION SHORTFALL(AS HAPPENED THIS TIME).LET US HOPE THAT AT LEAST THIS TIME THE BIPARTITE WILL BE CLINCHED AT THE EARLIEST AND NEW SCALES WILL BE IMPLEMENTED PROMPTLY WEF 01/11/2012.
PB SARMA,SBSVRS,2001

Ashwani said...

There is simple concept that pilot and driver, both are carrying passengers, but there is huge salary difference for their job because of high risk factor involved for pilot duties. Banking
is also risk prone duties. Why they are less paid.

sheikh nasar javed said...

Nasar Javed
it sounds good but we only pray it will settled by dec 2017 atleast.

Sanjay Bhatt said...

Dear Sheikh
It is not possible.Why ? We all knows very well.Please see history and history will repeat it self again. We have only hope...hope...

Regards Everyone

Superdumb said...

Just see the stats of the newly recruited staff of any bank (ranging from clerical to Management Trainees), you will find a simple answer from them "Just Quit". It is as simple as it is, these days they can find a better job than the banking in terms of salary and even more work culture. Nobody will prefer to take pain from the ultimate gods i.e customers as well as from the genius and ultra intelligent superior staff for the superfluous salary. As many of the freshers are thinking that in these jobs they will have much time to spent for themselves compare to private jobs and same in the case of leaves but only they realize this when they stuck in it.

And one of the super jokes in this demand is "5 day week". I don't understand logic in it, as our people's Robin hood RBI had already quoted that banks can not be closed for more than three days (if unfortunately any holidays fall consecutively) as our gods may suffer a lot despite many alternative delivery channels. And these associations (whoever i.e clerks or officers) asking for a 5 day a week to Robin hood, oh oh only god will know.... oh no not those gods but real one.....

Listen I don't mean that the way RBI insisting the banks to provide better services to its customers is uncertain but my objection is it only talks about the customers welfare but what about the bank's staff who provide it. It frames the rules and regulations only how a customer would be benefited but it will come to know in future that maximum number of expertise and potential staff would have left the banks and definitely customers will get what they want, not from PSU banks but fortunately foreign or private banks.

Have fun.

shri kant pandey said...

Presently bank employees are getting the least salary in comparison to other sector and moreover they are taking the big risk. This is really injustice which should be rectified immediately otherwise that day is not far away when there will not be any talented person in banking industry.The IBA should take this seriously and the 10th bipartisan settlement should give a justified salary hike to bank staff.

Ashish patel said...

HELLO FRIENDS MY NAME IS ASHISH PATEL, IAM NEW AS FAR AS BANKING AREA IS CONCERNED IAM CLERK THAT IS SWO A IN CENTRAL BANK OF INDIA AND GET FINAL SELECTION 5 MORE BANKS AS A CLERK, EARLIER I WAS IN SSC LDC POST, POSTED IN MANIPUR MY STARTING SALARY WAS THERE IS 16900 DUE TO SOME NAXALITE AREA I QUIT MY JOB THEN PREPARING FOR BANKS NOW IAM IN BANKING SECTOR AFTER 1 MONTHS HARD WORK I GOT ONLY 13105 IN MY HANDS I FEEL VERY SHAME WHEN SOME OF MY FRIENDS ASK MY SALARY I USE TO TELL LIE, I HOPE THE NEXT SETTLEMENT OF BIPERTITE PLEASE KEEP IN MIND THAT MANY TALENTED STAFF JOINS THE BANKING SECTOR KEEP THEM HAPPY OR HELP TO RUIN THE BANKING SECTOR.

Anonymous said...

Its gonna take atleast 3 to 4 years in order to come a consensus. Even then, the hike would be a paltry sum. My father who is 56 year old is drawing 56,000/-, but till 3 years back his salary was just 35,000/-. The only good thing about banking job is that the pay is protected from INFLATION. Gross salary of bankers is higher this time due to high DA. As soon as inflation comes down, the Gross pay would take a substantial hit. My uncle who are also Govt. employees in the age of 35-45 are earning more than my dad. All I can say is our Unions are Useless.

Sanjay Bhatt said...

Happy New Year to All

Don't Worry friends and don't hope more from unions. They will again repeat history, Nothing will done different this time.

Only one change and challenge for Union Leaders is that "THIS TIME PENSION OPTION IS NOT A PART OF 10th BPS." Last time also clubbed with BPS wrongly.

History Will Repeat Itself Again.

We will also incl. me will start this and that,Some put big figures and old records and confusing points for divert mind set of bankers from main points, here in blog but nobody straight way talks with leaders or dare to resign from unions.Some players will start their dirty game again with different name, They have no courage to present here with own name.

I think in April'12 chartered demands will out and compare it with outcome of 10th BPS, It will may be time taken(Approx. 2-3 Years). Don't believe it will happens in Nov'12, If anybody tell you,He is telling lie.

All Friends remember that This time Pension Option is not a part of BPS.True status of our.....will prove this time,No accuses rest for them.

OK. hope in 2012 will change all my "BAKWAS" and 2012 really be a happy year for bankers fraternity.

Regards

Abhinav D said...

Inspite of knowing that public sector banks need a revised HR policy in place, our finance ministry and IBA is silent on these peripheral issues. Issues like increasing compensation structure of high pressure bank jobs to attract fresh and bright talent, modernization of banks with introduction of innovative and latest technology for which our IT sector need to play a vital role, strictly following capital adequacy norms, satisfying customer needs and requirements by following the policy of customer being the king, immensely following the much needed financial inclusion policy, provision of 5 days working in a week with regulated working hours, world class training to working and newly recruited staff needs to be taken care off at the earliest. Public sector banks have a long way to go to be in the list of top banks of the world. Firstly banks needs to address all these important issued to compete with its peers of private and foreign banks to gain that extra edge.

baljinder singh said...

With the salary revision how the basic pension is increased.

Yusuf Chauhan said...

Since central Govt. had abolished slab system of pension in 4th pay commission i.e. Jan 1986, and abolished service factor for counting pension and family pension; Banking industries which is one of the Central Govt. undertaking, should follow the same rules for pension and family pension, i.e. 50% of last month's basic pay. For eg. if an employee retired after completion of 20 years of sevice, will get 50% of last basic pay drawn as pension.

Sanjay Bhatt said...

We have to request to UNIONS for don't clubbed any other issues with 10th BPS,Others will be solved separately.Don't do same mistake again.

Unions agreed for settlement done from every 4 to 5 years for fast process, But WHERE IS CHARTERED DEMANDS ?

Don't join in any strike call from UFBU if issues are not transparent and no hope of result, don't support meaningless issues.Job Security and Wage hike are main issues for bankers, Any other are routine unionism process.
As per past We have to wait upto April'2012 for chartered demands.

Best of Luck to ALL.

Regards

baljinder singh said...

Employees who r retiring in AUGUST 2012, will there pension be revised in settlement Nov 2012.

Dr Suman Biswas said...

coal india employee getting 25% hike this time dn why don't we expect more than 25% this time.

chandan said...

@ baljinder singh

"Employees who r retiring in AUGUST 2012, will there pension be revised in settlement Nov 2012."

No.

Sanjay Bhatt said...

GOOD JOKE!!!

We(Unions) one hand demanding for FIVE DAYS WEEK and Other hand asking for fixation of WORKING HOURS.

Regards

SHYAM SINGH said...

Hi all !

I am a Scale-2 officer and presently working as on Branch Incumbent in SU branch. I joined the bank as clerk in year 1994. After 18 years of service i could reach to the post of manager Scale-2. My preset gross pay is 38000/-. Last month I sanctioned a car loan to Female "Staff Nurse" of Delhi Govt. She was having total experience of only 2 years. What was shocking to me was her Gross pay which was nearly 41000/- p.m.

I am still shocked that a 2 year old (in terms of experience) Staff Nurse is getting 41000/- and with my 18 years service experience I am getting only 38000/-.

Sanjay Bhatt said...

Again I am requesting UNIONS through this blog to don't attached any issues like 5 days week or etc. with 10th BPS, But concentrate to remove differences seen by Mr.Shyamsingh in his earlier post.

10th BPS would be highest wage increase still today and bankers will get salary as per their risky duty.(Other departments like Education is getting more salary then us without any risk and responsibility)

Regards.

Unknown said...

those who put our demand to goi are cheaters.so can't beleave on them.its better to left bank job and get a new job in goi.

baljinder singh said...

I wish to state that UPDATION of Pension is a MUST in this days of high inflation and one cannot live with the pension fixed a decade back.
IT WILL BE APPROPRIATE THAT PENSION UPDATION FOR THE PENSIONRS SHOULD ALSO BE TAKEN AT THE TIME OF EVERY WAGE SETTLEMENTS OF THE BANKERS.

akhilesh said...

I Retired from Allahabad Bank as scale two in Jan. 2010 getting pension after depositing handsome money and loosing enhanced gratuity
amount for no fault of mine. Since negotiations were delayed I lost much more. For pension updation UFBA SHOULD place a demand in their demand list as a prominent factor.

Amit said...

I being an assistant in sbi blore want to kno,upto what amount of hike i can expect from the coming revision of 1st dec 2012.

I m an mba...n my salary is really very less...private organization are giving much more than what m getting here..m very confused.

Pls tell me..what wud be better for my carrier... continuing here or joining some private place....coz at the end of the day every one is working for money

Pls provide me some clear picture abt this wage revision.

chennamsetty said...

if you can get a package of Rs.8 lacs quit other wise continue in SBI

davidchakma said...

What will be my in hand salary since i am selected for UNion bank PO ?

L.Venkateswara Raju said...

Before commencing the talks for the 10th B.P.Settlement the leaders of the U F B E U are requested to see that Gov/IBA convince and allow the Resignees and other normal VRS optees retired under Bank OSRs to exercise their option to join the Pension scheme. Raju

shravan@akkala said...

Hi people this is Shravan. I have got good marks in IBPS and attended for a govt bank interview recently, here i had a little conversation with the guys who have attended for interviews.
Most of the people are not serious about prolong their career in banking as the salaries are less compare to other sectors and pressure will be high.
They have attended interviews to get a job for short time, if they get any govt job, they would leave bank.
So this will become a serious issue as no one is serious about bank job for less salaries.Even a govt clerk is nowadays drawing a salary equal to PO.

So i request Union leaders and top management officers please come out circle , what's happening and what a candidate thinking about bank career, otherwise it would lead to big crisis in govt banks.

L.Venkateswara Raju said...

We understand that Com. Nadaf of AIBOC is the new Convener for UFBU. AS Secretary of AIBOC Mr. Nadaf has taken pains in writing letters to IBA/GOV with regard the second pension option to Resigned employees and other employees who are denied the same (2nd Option) in 9th B.P. Now Such employees can hope to get the option in the stewardship of Com.Nadaf. All should wish him to succeed in his efforts to get the Option to such deprived employees. Raju

aks said...

Any update of 10th BPS talk. Whether our Unions have submitted their demands to IBA?

Sanjay Bhatt said...

ONLY GOD KNOWS.

B'cos Leaders also don't know about demands for xth BPS due to desire of IBA and GOI.

Its our leadership.

Don't aspect more from them, they have already started their game.

Best of Luck to ALL.

Regards.

Anubhav Singh said...

Hello Everybody !
i also wanted to bring an issue of Allowences in front of u people, and i think we should raise it along with our salary isues.
in my opinion banking professionals should also b given certain allowences other than salary, as all the companies and organisations who r dealing with risk pay certain sort of risk allowences to their employees, so why are we banking people deprived of it, organisations like SAIL,AAI,ONGC,BPCL and many more give xtra allowences like Risk Allowence and Stress Allowences to their employees.
our dauly work also includes these factors so we should also demand of it and ask for it Firmly !!

Unknown said...

hi,i am a student...not a bank employee....but i want the banks pays should be high....because in comparisn with central govt. the banks employee do not get the same.but it is also a central govt. undertaken sector..someone said in this blog that the step is good..yes it is good..but if it is good then it should be good for all the sector like rail..bsnl etc which organization is under some financially pressure...but rail and including all many govts sector get their pays hiki and regularly d.a hike regularly...if banks want a pay hike then all prblm starts..why..if banks should be given a prepln proft report then i think all other sector must have to do it..and if it is done then it should be gd fr our economiy..central govt employees get regularly d.a as the markt goes on...if essential commodities go high central govt employees d.a also goes high....and a 40 percent salary hike...banks have received only 17.5 percent...though all the psu banks of india able to gain a good profit in every year...sbi has gained 4500cr in last 3months..in our country banks plays a vital role in economic field...most of the foreign banks are now in danger..but indian banks are still profitting..it is only for the hard and effecient labour of banks employee..but if they are not given a handsm slary they would nt work with energy..and gd students would not come in this industry...and its result should be dangerous....and my little advice is the ufbu also have to strict to this point..they have to go ahead.because 12lakh comrads are supporting them...thanks.....sabyasachi frm burdwan

Unknown said...

we supprt the banks pays wage...

Sanjay Bhatt said...

Don't Go on next 2 days strike in July'2012, b'cos no wage related topics engaged with it,only worthless topics and only for diverts all bankers from 10th BPS to other.

Don't support any strike call without any monetary benefits, We will loose 2 days salary and nothing will get as per past.

chandan said...

I support Sanjay Bhatt.

akash said...

support sanjay bhatt so far whatever he is saying is 100% correct but add one more issue as i felt as a officer in banks banker does not get that respect as other officer is enjoying any one can blast on us we can not do anything for the shake of bludy service to customer neither management nor association people will support.pls raise voice against it also i m very new just for past one year working in one of the psu bank.and fed up with bludy so called service system.

nitesh said...

there is one good thing in banking sector and that is fast promotion like one can become scale 3 officer within 6 years but risk will be on higher side...there will not be much time for other passions apart from day night banking....atleast 35% increase in wages is the need of the hour or banking sector will be deprived of talented people...

dha said...

what happen to 5day working

new born bankers said...

I am a newly recruited clerical staff in a public sector bank. Two years back i joined and now my net salary is around rs.15000/-.
I had completed m.com and i wish to tell you that the jewel appraiser in my branch(almost all over india) gets wages around rs.45000/-.
He had just completed 3month appraiser training programme and gets salary almost equal to the sr.branch manager who had completed 25 years of service.
Now i feel that i should have joined the precious "Three Month Jewel Appraiser Course" so that my work will complete by 2.00 p.m. and moreover fully satisfied my family people.

Now our so called union leaders will do for the newcomers in this 10th bipartite settlement.

If this same situation continues for next two years, JEWEL APPRAISERS will become the boss and
the poor employees will be their followers..........

bikas said...

sanjay sir

plz tell me what would be the gross salary of scale 1 officer after wage revision

jupital or jupi said...

it should be atleast 40 thousand and there should be overtime pays of atleast 500/per hour...if this is not the case no one will join a bank in future

jupital or jupi said...

atleast the following should happen otherwise no one will apply a bank job and the attrition rates will increase.....

5 day week at least in rotational basis....a gross sal other than perqs 40k and overtime pay 500/hour..house rent allowance and other aloowance should be hike well to match market rates

Subhash said...

I am working in IDBI Bank (GOVT Bank) as grade- A officer (Assistant manager) since july 2011. IDBI is paying very gud salary. I am posted in Delhi and getting the appromimate gross salary 45,000/- and 36,000/- in hand. And plus 8000/- house rent + other perks.
After this salary hike I am expecting my salary approximately 55-60,000/ per month.
After service of one year only this salary is very gud in a govt bank.

Anonymous said...

IT CANT BE TRUE....IF YOU ARE A SCL-I OFFICER. THEN EVEN SBI WILL NOT GIVE U THAT SAL.

Anonymous said...

I am also working in IDBI since Mar 2011 In Grade A. how you are getting this much ? I am also surprised.Anyways Salary is going to be reduced. just wait till nov 2012. You will also get equivalent to other PSU banks and less than SBI

IDBI said...

I am also working in IDBI as Grade A since Mar 2011 posted in mumbai. Even I am also not getting this much. also IDBI employees are going to loose their salary after this pay revision.So just chill maro.. and dont misguide others

subhash said...

Why would I lie and how will I misguide others I am just only telling whatever I am getting.
In exact figures I am getting 44753/- per month and in hand 36534/- in hand.
below is my salary slip

PAY/ãð÷ÃðÐð 15400.00
DA/Ùðèü±ððýá ØðÄðð 9594.20
HRA/¡ðãððçð ØðÄðð 2695.00
COIN ELEMENT/òçð©¨îð ¡üäð 0.40
SPECIAL(PERQUISITE) ALNCE/òãðäð÷æð (ÑðòÜâðò×Ïð) ØðÄðð 1012.00
NPS BASIC BANK/ NPSBASIC 1540.00
NPS DA BANK/ NPSDA 959.00
G A/±ß÷À ØðÃÃðð 2425.00
CONVEYANCE ALLW/ãððèÐð ØðÃÃðð 10627.40
ARR-ADJ NPS DA BANK/ NPS 525.00
TOTAL PAY/¨ôîâð ãð÷ÃðÐð 44778.00

and you people dont misguide that the salary of IDBI's salary is going to be decrease, Any organisation's salary either be stable or will increase. Have you ever seen that the salary of any govt organisation has gone decrease. If in any case the salary will be decrease as SBI's salary level, all the IDBI employees will go definately for strike. Its not possible for anyone to accept the reduced salary without any reason.

Anonymous said...

If you take HRA how can you take Lease Which you have mentioned in your case 8000/-. I am not misguiding. you are not telling correct figures. I am aware of the IDBI salary stucture. You have mentioned Conveyence Allowance -10627/- which is going to be reduced to Max 40 litres of pentrol. And You will also loose GA-2425/- So I am not misguiding in IDBI anything can be happened. Just forget about the strike. IDBI will never go for strike. Even in normal strike IDBI does not participate. In SBI apart from salary the are getting many allowances which even are not taxable also like Furniture, CCA, Newspaper, cleaning, House keeping. So just forget that IDBI may pay at par with SBI.So just chill and dont post your salary details online. Have you seen any SBI person disclose his salary details on line like you. Kindly remove it.

Subhash said...

Dear this is the truth whatever m getting. yes you are right that after taking lease rent, salary will reduced by 2500. And m not here to misguide or fight with any other guy from SBI or any other banks. But its the truth that IDBI is giving best salary in the public sector banks because IDBI's salaries are inspired by RBI salary.
So will see if the salary will reduce what to do that time, till then in your words CHILL.
And why would I misguide anyone by changing the figures. Here is no competition regarding the highest salary. I just disclose the truth.

victor said...

I have heard that salaries of IDBI Officer are now reeduced from RBI scales to IBA Pay scales applicable to managment staff, is it true?,also please guide if the basic salary for Grade A AM is Rs 14400/- or not,does IDBI give any increament for passing JAIIB & CAIIb Exams,please inform about the total gross & net salary (Including allowance excluding Leased accomodation) payable to a newly recruit Grade A.

Prasad said...

Hi, Now a days in all government sectors all are drawing the salray of minium 20,000 for entry levels. But Banking sector a well growth sector will giving a salary of around 15k per month. Now a days most of youngsters who finished is graduation Engineering too preferring bank jobs. But salary constraint is big head ache for them. So Head level people in Banking secote think about the well salary revison. And union need to support and get the hike as soon.

Prasad said...

comparing to other Govt jobs banking sector providing Low hikes and salaries for their employees, if compare to work wise banking sector is hectic then others,

As of inflation, bank slaries is very difficult to run the family. Banking officials need to look on in to the issue and increase their wages at high at this time

Eg: Two years old staff nurse earning in government hospital of mumbai more than 35k

If banking sector improves his salary , then lots of young people with more talents will show interest to join, So kindly increase the salary

Prasad said...

Bank unions and employees need to join together and struggle to get their hikes and pays . Please co-operate together to get the revised salary as soon possible.

Anonymous said...

Hi Guys,

I am not a bank employee. But my friends are working in bank and they get very low salary comparing to Govt and other private sector. All the bank employees should unite together go for a strike. It should not be just one or two days. You should not go for the job until you get the pay hike

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