Performance Linked Incentive (PLI) in Public Sector Banks, which will be based on Operating/ Net Profit of the individual bank (optional for private & foreign banks). The PIA is payable to all employees annually over and above the normal salary payable. The PLI matrix decides the amount payable to the employees (in number of days of pay-Basic+DA) depending on the annual … [Read more...]
Bipartite Settlement talks – MOU signed – BEFI
Circular No.44/2020 To all Units, Affiliates, Office Bearers, CC & GC Members 22nd July 2020 Dear Comrade, Bipartite talks - MOU signed - BEFI abstained from signing MOU Another meeting of the Negotiating Committee was held today. The meeting took place in SBI, Corporation Centre at Mumbai. Direct flight connectivity from several cities to Mumbai remaining suspended, … [Read more...]
11th Bipartite Settlement 22nd July 2020 – 15% Pay Hike for Bank Employees
Indian Banks' Association Minutes of the discussions held on 22nd July, 2020 between IBA representing Management of banks which are parties to the Bipartite Settlement and Workmen Unions and Officers' Associations on wage revision Also Read Bipartite Settlement talks – MOU signed – BEFI 11th Bipartite Settlement – Improvement of Family Pension and Updation / … [Read more...]
Letters to DFS and IBA on alarming increase of Covid-19 affected bank employees – BEFI
Circular No.43/2020 To all Units, Affiliates, Office Bearers, CC & GC Members 6th July 2020 Dear Comrade, Letters to DFS and IBA on alarming increase of Covid-19 affected bank employees We are receiving information of Covid-19 affected bank employees everyday which is alarming. From the initiation of Lockdown, all the authorities like different Departments of Govt. … [Read more...]
BEFI Joins on Nationwide Protest on 3rd July 2020
Circular No.37/2020 16th June 2020 To all Units, Affiliates, Office Bearers, CC & GC Members Dear Comrade, Nationwide Protest on 3rd July 2020 Struggle of Non Cooperation and Defiance The outbreak of Covid-19 pandemic and subsequent lockdown has created a new dimension of the world order; our country is of no exception. We are concerned to note that more than 330000 … [Read more...]