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Banks will resume talks with trade union leaders on the much-delayed revision in wages, on July 22 — a first such meeting after the pandemic impacted economic activities in India.
The Indian Banks’ Association (IBA), which represents the managements of banks, is scheduled to hold a meeting of its negotiating committee with associations of workers and officers, in Mumbai.
The last such bi-partite meeting took place on February 29, before a two-month national lockdown was enforced in March to manage the Covid-19 pandemic.
What makes the talks significant is that the impact of the pandemic on banks’ finances will be factored in. The
