7th Pay Commission: Indian Salary of employees of public sector banks increased by 15%

7th Pay Commission 7th CPC latest news salary hike: It has been decided to increase the salary of the employees of public sector banks by 15%. This decision regarding the employees of banks will come into effect from November 2017. This decision will benefit 8 lakh employees of public sector banks across the country.

It has been decided to increase the salary of the employees of public sector banks by 15 percent. This decision regarding the employees of banks will come into effect from November 2017. The decision has been taken after a marathon meeting between the Indian Banks Association and the United Forum of Bank Unions.

This increase in salary will be applicable from 2017 to 2022 and will be revised after that. According to banking sector experts, the increase in salary will increase spending by Rs 7,900 crore. An increase of 15% has been agreed in a meeting between Raj Kiran Rai of the Indian Banks Association and representatives of bank employees’ unions.

This decision will benefit 8 lakh employees of public sector banks across the country. Explain that the salary of bank employees is revised every 5 years.

This time the revision in salary was stuck for a long time due to differences between the Indian Banks Association and the bank employees, while it was to be held in November 2017 only. In fact, there was a demand of bank employees that their salary should be increased by 20%, while the Indian Banks Association proposed 12.5%.

In fact, bank employees’ organizations have been complaining for a long time that their salary is much lower than their counterparts in other government employees and even private banks.

Even the heads of state-run banks have been raising this issue. However, the government has not taken any major step in this regard except for some minor changes.

SBI chairman had taken a low salary. Rajneesh Kumar had raised the issue of low salaries of employees of state-run banks in this way. Earlier in 2016 Raghuram Rajan, former chairman of RBI, also said on the issue that the salary of bank employees in India is not according to global standards. It also includes RBI employees.

Rajan had said, “There is also a problem that the banking sector in India has overpaid employees at the bottom, while the top is underpaid. I feel underpaid myself too. ‘