The deadlock between bank employees and Indian Banks’ Association has been resolved with the IBA agreeing to offer a 17.5 per cent wage hike and contribute 70 per cent of the Rs 6,000-crore that has to be created to accommodate employees who had opted for provident fund but want to join the pension scheme now.
Yesterday, in the tripartite meeting with UFBU and Central Labour Commissioner, Mr S. Mukherjee, IBA agreed to their earlier promise. Though UFBU is not very much satisfied regarding yesterday’s proposal of IBA, they agreed to resume the bipartite. IBA also agreed to discuss the second pension option for PF optees.
Banking operations are to be resumed today following two days strike throughout the country.
Source : The Telegraph and Anandabazar Patrika.
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