We are happy to inform all our units and members that the much awaited 10th Bipartite Settlement has been signed by AIBEA this morning in Mumbai. Nearly 5 lac workmen employees will be covered by this Settlement. Because of this Settlement, there would be an increase of Rs.2270 Crores per year in the wages of the bank employees which would be effective from 1st November, 2012. The settlement would cover employees of Public Sector Banks, Private Sector Banks and Foreign Banks. We congratulate all our members on this happy occasion. You may visit our website: www.bankunionaibea.in for details.