Demands on 11th Bipartite – Increasing Profits of Banks
11th BIPARTITE SETTLEMENT : CHARTER OF DEMANDS – INCREASING PROFITS AND A SHARE IN THE PROSPERITY
INCREASING PROFITS AND A SHARE IN THE PROSPERITY
Everyone will acknowledge that one of the most important contributory factors for improving the profitability is the hard work put in by the workforce in the Banks.
The following Table VII will show the impressive profits of the Public Sector Banks during this period.
Thus it can be observed that the Operating Profits of the Banks have increased impressively during the recent years despite difficult times. Operating Profits have increased from Rs. 1,12,290 crores in 2011-12 to Rs. 136,926 crores for the year 2015-16. Employees naturally look towards a share in the prosperity of the Banks and hence this Charter of Demands for wage revision.