Government puts bank staff performance-linked incentive scheme on hold ahead of strike
The government has put the performance-linked incentive (PLI) scheme for bank staff on hold ahead of a planned strike by bank employees. The decision followed a meeting between Finance Minister Nirmala Sitharaman and a delegation of bank employees. The move addresses union objections to the incentive structure in the public-sector banking system.
Nabka Insight
Public-sector bank staff incentives and union action are examinable under banking awareness and government schemes.
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- The performance-linked incentive (PLI) scheme for bank staff was put on hold.
- The decision came ahead of a planned strike by bank employees.
- It followed a meeting between Finance Minister Nirmala Sitharaman and a bank employees’ delegation.
Background
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