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Indian Banks Association News

Indian Banks Association

09 Mar 2024

Bank Employees To Receive 17% Annual Wage Hike; IBA, Unions Sign Joint Note

Indian Banks Association and bank unions sign the 9th joint note on Friday. They signed a pact to increase wages by 17% annually. Up to 8 lakh bank employees are expected to gain from the pay increase.

22 Jul 2020

Bank unions, IBA agree on 15% annual wage hike; 8.5 lakh staff set to benefit

Under the agreement reached, Performance Linked Incentive will also be introduced for public sector bank staff and it will be based on the net profit of individual banks concerned Close to 37 banks, including public, private and foreign banks, have mandated the IBA to negotiate with unions on wage hikes for their employees PLI will be applicable for public sector banks from the current fiscal, while it will be optional for private and foreign banks

30 Jan 2020

10 lakh bankers to strike work on Jan 31 and Feb 1; banking services to be hit

The strike will be spearheaded by United Forum of Bank Unions (UFBU), an umbrella body of nine unions in the banking sector.

Indian Banks Association

30 Jul 2018

IBA, bank unions meet over wage hike inconclusive

The current wage revision is due from November 2017, after the 10th bipartite settlement ended in October 2017.

30 May 2018

Bank strike from today, salary withdrawal, ATM transactions may take a hit

The dissatisfied bank employees are protesting against the two per cent wage hike that has been proposed by the Indian Banks' Association.

01 Dec 2016

AIBEA and AIBOA writes letter to Indian Banks association for problems raised after note ban

17 Feb 2016

Bank of Baroda aftereffects: CBI to engage with IBA

CBI Director Anil Sinha will be meeting heads of banks in the country at a seminar in the first week of March in Mumbai where issues related to banking frauds will be discussed.

Changes in Gold Monetisation Scheme

24 Jan 2016

Changes made in Gold Monetisation Scheme simplifies investment

The revisions made by the government in the Gold Monetisation Scheme has made it easier and simpler for customers to participate.

12 Oct 2015

Bandhan Bank deposit base crosses Rs 1,500 crore

Private sector lender Bandhan Bank, which started operations as a full-fledged bank from August this year, has garnered a deposit base of Rs 1,500 crore till date.

Indian Banks Association

02 Aug 2015

New health cover for bank employees to be ready by month-end

All state-run general insurers are likely to issue a master mediclaim policy for bank employees through Indian Banks Association (IBA) by this month end.

Indian Banks Association

25 May 2015

IBA wants govt to lower rates on small savings scheme

The Indian Banks Association (IBA) Monday said it has urged the Finance Ministry to bring down interest rates on small savings schemes such as the Sukanya Samridhi and National Savings Scheme.

22 May 2015

IBA to sign wage revision pact with banks unions on Monday

Bank unions will be formally signing the new wage revision agreement with the industry body Indian Banks Association (IBA) on Monday, one of the heads of the unions said today.

23 Feb 2015

Bank unions withdraw proposed 4-day strike after agreement with IBA

PSU bank employees' union have decided to withdraw the four day scheduled from February 25 after an agreement with the Indian Banks Association (IBA) on Monday.

23 Feb 2015

IBA agrees to meet bank unions today to avert strike

The unions have threatened the strike to press wage-hike demand. This will be their fifth strike this fiscal.

22 Feb 2015

IBA agrees to meet bank unions on Monday to avert strike

The Indian Banks Association has decided to hold further talks with leaders of public sector bank unions who have given a call for four-day nation-wide strike from February 25.

14 Feb 2015

Bank employees threaten to go on 4-day strike from Feb 25

Unions of bank employees on Saturday threatened to go on a four-day strike from February 25 to be followed by an indefinite strike from March 16 if their wage hike and other demands are not met immediately.

06 Jan 2015

Bank wage talks in Mumbai today amid strike threat

Unions in the banking sector and the Indian Banks Association (IBA) will continue their wage negotiations on Tuesday in Mumbai, said a top union official.

28 Sep 2014

Bank unions threaten month-long stir as wage talks fail again

A day after the umbrella body of the lenders IBA rejected the union's call for steeper wage hikes, the United Forum of Bank Unions (UFBU) has said it will adopt multi-pronged agitational methods from the middle of next month to press for their demands.

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