Finmin asks IBA to finalise wage revision of bankers of PSU banks by Dec 1

The Indian government has instructed the Indian Banks' Association (IBA) to begin negotiations for the 12th bi-partite settlement and finalize it by December 1, 2023, to improve working conditions and incentivize employees of public sector banks. The finance ministry has requested that all future wage negotiations be concluded before the subsequent period begins so that the wage revision can be implemented on time.
http://dlvr.it/Ss0J2J