30% salary hike confirmed in 7th Pay Commission for CG Employees
"The wages
of public sector bank employees are revised once every five years. The
recent 10th Bipartite wage agreement gave them an increase of 15%."
United Forum of
Bank Unions (UFBU) had initially put forth a demand of 21% wage hike.
It was only after an extensive series of negotiations that the Indian
Bank Association agreed to settle for 15%.