Tag: Indian Banks' Association

NEW DELHI: State-run and old private generation banks are discussing an average 15% wage hike for employees, while also rolling out a five-day work week soon.On Thursday, Indian Banks' Association has proposed a 15% increase, but the unions are said to be demanding a higher increase, along with other changes. Separately, some of the banks, such as PNB, have started making higher provisions for the wage increase.Instead of budgeting for a 10% increase, in the September quarter, the Delhi-headquartered lender has set aside funds for a 15% rise.Employees...