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    Vikshita Vitthal Gujaran in News

    04 Mar 05:04 AM


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    Bank employees to get 5-day work week? May happen as soon as…

    At present,public sector and private sector banks work on the first and third Saturdays of the month.
    The government may approve five-day working week for banks before the the model code of conduct(MCC)kicks in ahead of Lok Sabha elections,Financial Express reported. As public-sector bank employees are set to get a 17%rise in salaries after Indian Banks’ Association(IBA)and bank unions signed a memorandum of understanding(MoU)in December last year,unions had urged implementation of a five-day work week within 180 days just like government offices,RBI offices and Life Insurance Corporation of India who work five days a week.IBA and employee unions approved the proposal in November after which the former sent it to the finance ministry for consideration,it was reported.
    As per the report,an official said that the government supported this proposal but"was waiting for an opportune time for announcement of the five-day week and probably that time has now arrived.
    Source- HindustanTimes