Govt puts bank staff incentive scheme on hold ahead of strike
The government put the performance-linked incentive (PLI) scheme for public-sector bank employees on hold ahead of a planned strike. The decision followed a meeting between Finance Minister Nirmala Sitharaman and a delegation of bank employees. The PLI scheme, which links a portion of staff pay-outs to performance, had been opposed by bank unions.
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Public-sector bank employee agitations and pay frameworks are relevant to Banking and general awareness papers.
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- Scheme put on hold: performance-linked incentive (PLI) for bank staff.
- Decision followed a meeting with Finance Minister Nirmala Sitharaman.
- The move came ahead of a planned bank employees' strike.
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