Money & Banking

Unions seek Jaitley’s intervention to resolve IDBI Bank wage issue

Our Bureau Mumbai | Updated on January 13, 2018 Published on February 18, 2017


The All India Bank Employees’ Association and the All India Bank Officers’ Association have sought Finance Minister Arun Jaitley’s intervention in the matter relating to wage revision of employees and officers of IDBI Bank.

CH Venkatachalam, General Secretary, AIBEA, said the minister should advice the bank’s management to resolve the issue and expedite the settlement without any further delay.

While the wage revision settlement in the banking sector was concluded in May 2015, the revision which is due in IDBI Bank for the employees and officers with effect from November 2012 is still lingering on and remains inconclusive.

S Nagarajan, General Secretary, AIBOA, said despite various hurdles and constraints, IDBI Bank has been making its contributions very effectively in the banking sector and singling that Bank out without settling wage revision issue is highly frustrating and demotivating to the bank workforce.

Venkatachalam said “(IDBI Bank) Employees are highly agitated over the undue delay. We request you (finance minister) to intervene in the matter and advice the IDBI Bank management to resolve the issue and expedite the settlement without any further delay.”

Published on February 18, 2017
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