IBA, Bank Unions Agree To 15% Hike In Wage Bill
Customers are seen at a State Bank of India Ltd. (SBI) branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)  

IBA, Bank Unions Agree To 15% Hike In Wage Bill

The Indian Banks’ Association has agreed to a 15% hike in the wage bill for state-run banks—a move that’s expected to benefit nearly 8.5 lakh staffers.Amid discussions during the 11th bipartite agr...
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