A renewed discussion on offering Employee Stock Ownership Plans (ESOPs) to public sector (PSB) bank employees has emerged in India.…
Browsing: Public Sector Banks
The Indian Banks Association (IBA) and bank unions have agreed on a 17 per cent annual salary increase for five…
While talks are still on with bank unions and the Indian Banks’ Association (IBA), it is expected that by mid…
State Bank of India will be paying its employees 15 days of pay as performance-linked incentive. The Indian public-sector bank…
Employees of 35 banks, including public-sector banks, certain foreign banks as well as a few very old private banks, will…
With the conclusion of the two-year long negotiations between bank unions and the Indian Banks’ Association, an annual increment of…
Employees of public-sector banks (PSBs) held a day-long protest against the merger of banks and the hike in service charges.…
Banking operations are likely to be impacted next week when the bank employee unions go on strike on 22 October.…
Assuring employee unions protesting the merger of banks, Finance Minister Nirmala Sitharaman said that the merger will not lead to…
Also, employees will only be eligible if they opt for the scheme within the period of opting for the same.
PSBs will soon begin operating as private banks, with lesser staff and focus on performance
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.
If all goes well, the ESOPs may be extended to the GM and DGM level as well.