Banking News

10th Bipartite settlement- Outcome of Talks held today

10th Bipartite settlement /Joint note dated 07.01.2015.
Outcome of Talks held today at Mumbai.
Discussions continued today with IBA. UFBU insisted on further increase over 12.5%. IBA wanted some more time. Sub committees formed to deal with other issues like medical scheme, 5day banking, regulated working hours, pension issue etc. Next meeting to be fixed soon.

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