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The Economic Times

Economy / The Economic Times

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Finance Ministry asks PSBs to complete wage revision process in next 12 months

Public sector banks must begin wage revision talks for employees and officers. Negotiations for the 13th Bi-partite settlement are to be finalised within a year. This wage revision is due from November 1, 2027. The government emphasises timely conclusion to maintain industrial harmony.

26 Apr 2026 1:23 pm