State-run banks are optimistic about a more lucrative performance-linked incentive (PLI) for employees and are advocating for a five-day ba...

Across the banking sector, deposit growth has remained sluggish in the past few years but has seen some growth revival in the past few quar...

The Indian government has instructed the Indian Banks' Association (IBA) to begin negotiations for the 12th bi-partite settlement and final...

Public sector bank employees are paid fixed salaries, which, according to the survey, does not encourage risk-taking and innovation. Althou...

IBA has pegged the cost of updating pension in PSBs at Rs 95,000 crore .

They have raised the pitch following the government’s decision to clear the pension issues for Reserve Bank of India earlier this year.

There are 21 public sector banks, post merger of six lenders with SBI, in the country. They together employ about 8 lakh people.

Banks Board Bureau chief Vinod Rai had made a case that the compensation package across the board of public sector banks needs to be improv...

In January, the PSBs were asked to initiate the process of negotiations with the employees and conclude it prior to the effective date of N...

Analysts believe that BHEL has been using aggressive pricing to win orders and put its capacity to use. This together with the wage increas...

"Our government is committed for the betterment of lives of every citizen, including government employees", Jaitley said.

Bank employees had gone on 2 day strike in February to press for their demands citing high inflation and rejecting the management's offer.

State-owned banks are facing their worst period in more than a decade as mounting bad loans cripple earnings.

In FY13, public sector banks, or the PSBs, had to handle rising bad assets as higher interest rates and low investment resulted in borrower...

The Indian Banks’ Association (IBA) and United Forum of Bank Unions (UFBU) had recently concluded the ninth bipartite wage negotiation talk...

Faced with the possibility of a middle management talent crunch in the coming years, public sector lender Indian Bank is putting in place a...

Finance minister P Chidambaram’s insistence that public sector banks should cut the cost of their funds instead of raising interest rates o...