Bank employees, especially
from the public sector, are likely to see service conditions improve
substantially.
A host of
service condition improvements are being considered by managements, including a
“Leave Bank” system, privilege leave four times a year (against three times
now), six months maternity leave for adoption of child (two months now), and
paternity leave. This is in addition to getting a 15 per cent hike in salary
under the industry-wide wage settlement agreement signed recently.
Under the
‘Leave Bank’ system, employees can voluntarily donate a part of their entitled
leave to a common pool. The “Leave Bank” will sanction leave with salary to
employees who are compelled to be on prolonged leave due to treatment of major
diseases or accidents and other contingencies beyond their control and where
such employees have exhausted all their leave.
