In Coronavirus Pandemic, there is a relief news for government bank employees (PSU bank staff). The bank is giving additional salary to its employees under the Bank Performance Linked Incentive (PLI).
New Delhi. In Coronavirus Pandemic, there is a relief news for government bank employees (PSU bank staff). The bank is giving additional salary to its employees under the Bank Performance Linked Incentive (PLI). It has been started by Canara Bank. This week, Canara Bank has issued a 15-day payment to its employees as incentives. The bank has made this payment after issuing the financial results. That is, their employees will get benefited on the basis of the performance of the public banks. Incentives based on bank performance
Let us know that in November last year, an agreement was signed with the Indian Banks Association (IBA) for the performance-linked component of the employees. Under this, employees get incentives based on the performance of the bank.
TOI report, in addition to Canara Bank, Bank of Maharashtra has also given Rs 165 crore for the fourth quarter of 2020-21. The PLI is issued to its employees after reporting a net profit of Rs. Let us know that this PLI is applicable to all rank and designation employees. SBI employees will get benefits
Please tell that State Bank of India (SBI) has released the results for the March quarter on Friday. In the fourth quarter ended 31 March 2021, SBI has seen a growth of nearly 80 per cent in profits and it has increased to Rs 6,450.7 crore from Rs 3,580.8 crore in the fourth quarter of last year. Similarly, the bank’s interest income has also increased by 18.9 per cent to Rs 27,067 crore. Along with this, the bank has also announced a dividend of Rs 4 per share for the investors. Now it is expected that soon employees will also get incentives.
According to the rule, if the profit of a bank is between 5 and 10 percent, then the employees get 5 days salary as incentive. Employees will get 10 days salary at 10 to 15 percent profit. Employees will get 15 days salary as incentive on more than 15 percent profit.