bank employees

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Temas relacionadosdearness allowance salary hike da increase government employees cpsu inflation adjustment consumer price index banking sector

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Government Increases Bank Employees' Dearness Allowance to 25.70% from May 2026

NOTICIA

2/5/2026Resumen IA

Government Increases Bank Employees' Dearness Allowance to 25.70% from May 2026

The government has increased Dearness Allowance for bank employees to 25.70% from 25%, a 0.70% hike effective May 1, 2026. The revision, based on average CPI for Q1 2026, will impact salaries across various pay scales for the May-July quarter. A mid-level officer at Stage 10 with basic pay of Rs 67,000 will receive approximately Rs 600.65 more per month, while senior-level employees at Stage 47 will get around Rs 1,058 additional monthly.

2 bank employees fatally shot in a bank robbery in Kentucky

Two bank employees have been fatally shot during a robbery in Kentucky, and a search is underway for the suspect

ABC News

Supreme Court Rules Dismissed Bank Employees Entitled to Pension Despite Misconduct

NOTICIA

25/4/2026Resumen IA

Supreme Court Rules Dismissed Bank Employees Entitled to Pension Despite Misconduct

The Supreme Court has ruled that public sector bank employees dismissed for misconduct can still receive pension benefits under the Bipartite Settlement rules. The ruling came in a case where Mr Kumar, a clerk dismissed in 1998 for assaulting a colleague, successfully challenged the denial of his pension. The Court held that employees with qualifying service (10+ years) are entitled to superannuation benefits even after removal for gross misconduct, as per Clause 6(b) of the Bipartite Settlement which has statutory backing under the Industrial Disputes Act.

Economic Times

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