MONITORING 10TH BIPARTITE

MONITORING 10TH BIPARTITE

The wage negotiations for 10th Bipartite is going on. It is expected to go on 

and on and several round of talks surely will yield no concrete result and the

juggernaut will screech to halt on intermittent occasions, necessitating few 

strikes and fiery rhetoric. 

Then the process will rev up, with lakhs of bank employees guessing and 
seeing wildest of dreams.

What will be achieved is uncertain but what we have lost in the last two 

Bipartite should be borne in the mind during this negotiation.

The prestige of Bank Job has been eroded almost completely in the last 10 

years. Attrition rate is very high, the situation has come to such that the 

young intelligentsia are no longer inclined to join banks.

Bitten by pangs of joblessness, some join these banks, only to develop cold 

feet seeing the things going on within and then look for greener pastures.

Time has come for a revival of the Prestige of Bank Job, time has come to 

ARREST the ATTRITION and ATTRACT the best and the brightest of talent to 

join the Bank Service, time has come to save the prestige of Indian Banking 

particularly the Nationalized Banks, time has come for restoring the GLORY 

of Nationalized Banks. 

The recommendations of 6th Central Pay Commission has been implemented 

by the Govt. The 6th CPC has completely rationalized the pay and 

allowances 

which has resulted in handsome increase across all categories.

The process of rationalization of salary structure of central government 

employees, started with 1st pay commission, reached it’s zenith in 6th pay 

commission, while, since 7th bipartite the disparity vis a vis bank employees, 

started to widen.

While submitting the recommendation the 6th CPC opined- “While proposing 

these changes, the Commission has also kept in view the capacity of the 

Government to pay and the principle that every rupee spent on allowances, 

facilities and salaries of Government employees has to translate into a 

specific measure for public good…The Report will, therefore, not only 

increase the pay and allowances of Government employees but will also 

prove beneficial for all the people in the country.” Very true, since, these 

result in:
•
Increased spending, thus widening demand and markets for myriad of 

commodities and encouraging ‘demand push’ widening of productive 
capacities within the country.

•
A contented workforce, resulting in better performance at workplace.

Thus, I earnestly request to all concerned that Paradigm Shift in the


 approach to wage negotiation is required. Whatever may be the strategy for 

the current wage negotiation, we must get at par salary vis-à-vis Central 

Civil PSUs.

Some argue that, comparisons with salaries of bank employees vis a vis 

central government employees is just not feasible in view of the disparity in 

intervals between pay revisions in bank employees and central government 

employees. 

Posted by: Himadri Shekhar Bhattacharjee.





But, in case of pay revision of bank employees, the situation turned utterly 

depressing with passing time and successive bipartite settlements.