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Mon, Dec 03 2018. 04 24 PM IST
The unions are demanding that wage revision in the banks should be uniform and not linked to annual increase in operating profit and return on assets. The existing formula of differential wage increment based on the profits of each bank is not acceptable to the unions.
Fri, Nov 23 2018. 07 02 PM IST
There are 11 banks under the PCA including Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, Uco Bank, Bank of India and Central Bank of India among others. These banks together control over 20% of the credit market