12th Bipartite Settlement - Government (MOF) gives green signal for initiation of Public Sector Banks pay revision - MOF Circular
Government gives green signal for Bank's 12th Bipartite Settlement due from 01.11.2022.
eF. No.4/2/1/2022-IR
Ministry of Finance
Department of Financial Services
Dated 20th January 2023
Subject: Next Wage revision in Public Sector Banks— regarding
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The undersigned is directed to refer to the subject cited above and to advise Public Sector Banks that they may initiate the process of negotiations for next wage revision of the employees, due from 1.11.2022.
2. This issues with the approval of Competent Authority.
Yours faithfully,
(Vijay Strankar Tiwari)
Under Secretary to the Government of India
