Next Wage revision in Public Sector Banks

Next Wage revision in Public Sector Banks: DFS Order

F.No.4/2/2/2015 -IR
Government of India
Ministry of Finance
Department of Financial Services
Jeevan Deep, IIIrd Floor,
Parliament Street, New Delhi
Dated the August 24, 2016

The Chief Executive of all Public Sector Banks.

Subject: Next Wage revision in Public Sector Banks


I am directed to refer to this Department’s letter of even number dated 12.1.2016 on the subject cited above and to request Public Sector Banks(PSBs) to intimate the present status/action taken by them so as to conclude the negotiations/next wage settlement by the effective date i.e. 1.11.2017 positively.

2. This issues with the approval of competent authority.

Yours faithfully,
(Manish Kumar)
Under Secretary to the Government of India

Source: financialservices.gov.in/download.asp?rec=373&NotificationType=C