New Chairman and Deputy Chairman elected in IBA

According to a release, CS Setty, the chairman of State Bank of India (SBI), has been chosen as the next chairman of the Indian Banks' Association (IBA) governing committee. Tools for managing finances  In addition, Madhav Nair from Bank of Bahrain &...

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Latest Update on Bank Strike: Reconciliation Meeting Held Today

 A reconciliation conference involving the IBA, bank associations, and bank management was held today. This conference was attended by the labor commissioner and the management of all public sector banks. On March 24 and 25, 2025, Bank employees announced...

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Latest Bipartite Settlement News - IBA agreed to form three sub-committees and discussions start

 Today's meeting with IBA under chairmanship of Sri Rajneesh Karnatak Ji, UFBU discussed Charter of Demands for 12th Bipartite Settlement. UFBU discussed all points which was submitted earlier to IBA. IBA and management listened all points positively. They...

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Latest Bipartite Settlement News-Today's UFBU Meeting with IBA

Today bipartite talks for next wage revision settlement formally began between iba and ufbu. Iba has formed the main Negotiating committee as well as Sub committees to discuss our demands. Discussion on our demands will continue from the next round of talks.Today...

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Latest Bipartite Settlement News - Finmin asks IBA to finalise wage revision of bankers of PSU banks by December 1

The government has asked the Indian Banks' Association (IBA) to initiate the process of negotiations for the 12th Bi-partite settlement in a time-bound manner and to finalise it by December 1, 2023, said a senior official.The wage revision for employees and officers...

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IBA has Given Approval For Payment of 11th BPS Arrears & Salary To PSBs

Indian Banks' Association (IBA) has given its approval to the management of the Public Sector Banks to make payment to their employees as per the settlement terms of 11th BPS, which was signed on 11th Nov 2020. The permission letter also permitted to pay the enhancement...

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Minutes of Discussion between IBA &Workmen Unions on 10th Dec

Discussion between IBA &Workmen Unions A discussion between the Negotiating Committee of IBA and Workmen Unions (except BEFI) took place today in Mumbai. The meeting was held to discuss residual issues of Common Charter of Demand.  A supplementary...

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IBA Confirms AIBEA - 11th BPS Arrears Payment Will Be Made in Dec 2020

 IBA has confirmed to AIBEA that the permission for making payment of arrears along with revised salary as per 11th Bipartite Wage Settlement was pending with Government and almost finalized.The promise for making the revised salary payment was made in meeting...

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