Today's Bipartite Settlement talks with IBA - Points on which IBA agreed

Negotiation took place today. IBA started the discussion from 13.5% in view of the strike call without improvement of any other issues. After protracted discussion,it was agreed that hike will be 15% in pay slip cost, 5 day week will be pursued,  a small committee will be formed to work out on increasing load from 2,% & spl allowance merger.  IBA....
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IBA, UFBUs to meet on Saturday to close wage pact: Points to be discussed

The Indian Banks’ Association (IBA) and United Forum of Bank Unions (UBFU) will meet on Saturday to close the eleventh bipartite settlement. Among the key discussion points are an 18-20 per cent raise in wages and .....
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Expected Salary hike after 11th Bipartite Settlement

Expected Salary hike after 11th BPS idea on 15% with 2% load factor 

Friends Just simple calculation as per last 10th BPS (hike 15% with load 2%)

In this calculation double hike in Sp Pay........7.75 to 15.50%, 10 to 20% & 11 to 22%

It just a idea, final calculation may be differ due to load factor or maximum cap on total load.

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