Tag: Public Sector Banks
SBI posts profits, to give staff 15 days’ pay as PLI
State Bank of India will be paying its employees 15 days of pay as performance-linked incentive. The Indian public-sector bank recently reported an 80.15...
15% increment for bank staff
Employees of 35 banks, including public-sector banks, certain foreign banks as well as a few very old private banks, will receive a 15 per...
15% hike for bank staff, performance-linked incentive for PSB staff
With the conclusion of the two-year long negotiations between bank unions and the Indian Banks’ Association, an annual increment of 15 per cent in...
Employees strike against merger and consolidation of PSBs
Employees of public-sector banks (PSBs) held a day-long protest against the merger of banks and the hike in service charges. A nation-wide dharna against...
Bank employee unions to go on strike on 22 October
Banking operations are likely to be impacted next week when the bank employee unions go on strike on 22 October. The strike has been...
No loss of jobs due to merger of banks
Assuring employee unions protesting the merger of banks, Finance Minister Nirmala Sitharaman said that the merger will not lead to job loss, and that...
Bank employees who resign not entitled for VRS pension
Also, employees will only be eligible if they opt for the scheme within the period of opting for the same.
Working in a public-sector bank may soon get tough
PSBs will soon begin operating as private banks, with lesser staff and focus on performance
Job posts in Govt., PSUs, PSBs to be equalised
The government wants to ensure that the children of staffs serving in lower categories of PSUs and other institutions can avail the benefit of OBC category reservations, which will be at par with the children of staffs serving in lower categories of the Government.
Top management at Public Sector Banks to get ESOPs
If all goes well, the ESOPs may be extended to the GM and DGM level as well.