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Wage Revision for employees and officers of Regional Rural Banks consequent to 11th Bipartite Settlement

ALL INDIA BANK EMPLOYEES’ ASSOCIATION (AIBEA)
NATIONAL CONFEDERATION OF BANK EMPLOYEES (NCBE)
NATIONAL ORGANISATION OF BANK WORKERS (NOBW)
INDIAN NATIONAL BANK EMPLOYEES FEDERATION (INBEF)

No. 2021/Joint/01

4th January, 2021

Shri Debasish Panda,
Secretary,
Dept. of Financial Services,
Ministry of Finance,
Government of India,
New Delhi

Dear Sir,

Reg: Wage Revision for employees and officers of Regional Rural Banks consequent to 11th Bipartite Settlement

You are well aware of the Settlement reached regarding wage revision in the commercial Banks vide 11th Bipartite Settlement signed with the Indian Banks’ Association on 11th November, 2020. Your office has also given its No Objection to the IBA and Banks to implement the Settlement due to which all the Banks are now in the process of revising the pay and allowance of the employees and officers.

You are also aware that in terms of the Award of the National Industrial Tribunal and the judgement of the Supreme Court dated 31-01-2001 and also having regard to Section 17 of the Regional Rural Banks Act, 1976, the salary and service conditions of the employees and officers of Regional Rural Banks need to be revised based on the recent wage revision in the commercial banks.

Hence we shall thank you to consider and extend wage revision on the same lines in the Regional Rural Banks and issue necessary instructions in this regard.