Bank staff incentive scheme put on hold ahead of strike
The government put the performance-linked incentive scheme for public sector bank staff on hold ahead of a planned strike, following a meeting between Finance Minister Nirmala Sitharaman and a delegation of bank employees. Employees had announced a nationwide strike on September 11 and September 28-30, and an indefinite strike from October 26 over their demands.
Nabka Insight
PSB unions' strike calls and the incentive rollback reflect ongoing bank-sector labour and reform tensions.
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- Performance-linked incentive scheme for PSB staff put on hold
- Followed a meeting with FM Nirmala Sitharaman
- Strikes announced for Sept 11 and Sept 28-30; indefinite strike from Oct 26
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