Five days week in the banking industry-Lok Shabha

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES
LOK SABHA

UNSTARRED QUESTION NO. 1358
TO BE ANSWERED ON 19TH SEPTEMBER, 2020(SATURDAY)/BHADRAPADA 28,
1942(Saka)
Banking Industry

SHRI S. VENKATESAN :

Will the Minister of FINANCE be pleased to state:
(a) whether five days week in the banking industry will be implemented as existing in
analogous institutions and if so, the details thereof;
(b) whether the IBA Chairman was told during the negotiation that enhancement of
family pension has been sent to Ministry of Finance for the approval; and
(c) if so, the details and the present status thereof?


ANSWER

Advertisement

MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI ANURAG SINGH THAKUR)

(a): In exercise of the powers conferred by section 25 of the Negotiable Instruments
Act, 1881, Government vide notification dated 20.8.2015 had declared the second
and the fourth Saturdays of every month as public holiday for banks in India. No
change in the same is currently under active consideration of the Government.

(b) and (c): Revision of family pension is one of the demands made by bank
employee unions/associations during the course of their discussions with the Indian
Banks Association (IBA), negotiating on behalf of its participating member banks, for
the 11th bipartite wage settlement. IBA, has informed that during the discussions
with representative employee unions/associations consensus was arrived at on
recommending revision of family pension.

Source: Lok Sabha

Advertisement

Leave a Comment