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No wage-related issues in merger of associate banks: SBI chief

Informs employees can either retain current pay structure or they can get SBI standards package

IANS  |  Mumbai 

On the heels of the Cabinet approval for the merger into State Bank of India (SBI) of its five associate banks, the public lender on Thursday said there are no wage-related issues with the employees in the process. "No wage-related issues right now. They can retain what they receive at this point of time or they will be offered a wage package according to the SBI standards. They will have a choice to retain theirs, or accept the SBI one," SBI chief Arundhati Bhattacharya told reporters in Mumbai in a briefing. Talking about the effective date of the merger, the SBI ...

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No wage-related issues in merger of associate banks: SBI chief

Informs employees can either retain current pay structure or they can get SBI standards package

She informs employees can either retain their current pay structure or they can get the SBI standards package On the heels of the Cabinet approval for the merger into State Bank of India (SBI) of its five associate banks, the public lender on Thursday said there are no wage-related issues with the employees in the process. "No wage-related issues right now. They can retain what they receive at this point of time or they will be offered a wage package according to the SBI standards. They will have a choice to retain theirs, or accept the SBI one," SBI chief Arundhati Bhattacharya told reporters in Mumbai in a briefing. Talking about the effective date of the merger, the SBI ... image
Business Standard
177 22

No wage-related issues in merger of associate banks: SBI chief

Informs employees can either retain current pay structure or they can get SBI standards package

On the heels of the Cabinet approval for the merger into State Bank of India (SBI) of its five associate banks, the public lender on Thursday said there are no wage-related issues with the employees in the process. "No wage-related issues right now. They can retain what they receive at this point of time or they will be offered a wage package according to the SBI standards. They will have a choice to retain theirs, or accept the SBI one," SBI chief Arundhati Bhattacharya told reporters in Mumbai in a briefing. Talking about the effective date of the merger, the SBI ...

image
Business Standard
177 22