← Latest news 
Finance Ministry orders public banks to finish wage revision talks within a year
Economy
Published on 26 April 2026
13th bipartite settlement must be locked by 2027 deadlines
The Finance Ministry has asked public sector banks to kick off wage revision discussions for employees and officers, setting a tight timeline. Negotiations for the 13th Bipartite settlement are expected to be finalised within 12 months, ahead of the revision becoming effective from November 1, 2027. The government wants an early closure to protect industrial harmony.
- PSBs must start wage revision talks for staff and officers
- 13th Bipartite settlement negotiations should end within a year
- Revised pay is due to start from November 1, 2027
- Government is pushing timely decisions to maintain industrial harmony
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times