IBA revises performance-linked scheme, hikes wages to 12.25%, unions reject offer

Under the scheme, the bankers' body has offered to pay 14 extra days of salary for staff of lenders that show a 10-15% increase in operating profit and 21 days for banks that report more than 15% rise in operating profit. IBA was earlier in favour of taking both operating profit and RoA as key metrics for defining organisational performance.

from Banking/Finance-Industry-Economic Times https://ift.tt/2RkIZBe