Further to the signing of MoU on 22-7-2020, IBA set up two separate Working Groups for workmen employees and officers respectively to discuss and finalise the distribution of the agreed cost into various payslip components so that the
full-fledged Settlement can be signed at the earliest. A preliminary round of the meeting of the Working Group for Workmen was held on 20 th August, 2020 through virtual mode. IBA was represented by Chairman of the Working Group Shri Rakesh Sharma (MD&CEO, IDBI Bank), Shri S K Kakkar, Sr. Advisory-HRA, IBA and other members of this Small Committee. From our side, we were represented by the General Secretaries of our four organisation. Since BEFI did not sign the MoU, IBA did not invite them to be part of this Small Working Group.
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