15% wage raise for bank employees as per agreement between Unions and IBA

Q.  As per the wage revision agreement signed between Bank unions and the Indian Banks’ Association (IBA) on 25th May’15, how much increase in bank employees’ salary and allowances has been agreed to?
- Published on 17 May 15

a. 5%
b. 8.9%
c. 15%
d. 23%

The latest wage revision is effective from November 1, 2012. The Reserve Bank of India has given an in-principle approval to banks for allowing holidays on every second and fourth Saturdays of a month.

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