UFBU has
submitted charter of demands on 30.10.2012.
Two months
has gone. Still negotiations are not started.
Reason
quoted is “Still many banks have not sent their mandate to IBA
to negotiate on their behalf with UFBU”.
In the
mean time I wish to remind readers that last time Banks got 17.5% as wag
revision. Even out this some crore of amount was set aside to SBI for
compensating pension cost of PSBs.
Whereas
LIC and GIC employees got 25 to 30% as wage increase.