Updation As on 01/11/2009 :

There has been no good news on wage revision front. Only some statements of union leaders have appears in some newspapers like Economic Times and Organisers. "The bank employees and officers' salary revision are due from November 1, 2007 ...the present offer of IBA for 17.5 per cent increase in salary is far below the expectations. We want at least 25 per cent," AIBOC General Secretary G D Nadaf told at a press meet on the sidelines of the tenth National Council Conference of United Bank Officers' Association. However, we have yet to hear any concrete proposal from IBA or some union leaders. It appears that Bank employees can only wait and pray for an early and some respectable settlement. Lets hope new month (NOVEMBER) brings some good news.