SBI–Workforce lags much behind many on emoluments:


There was a time when banking industry, particularly State Bank of India, was an eye sore in the matter of salary structure for different categories of staff serving in the Central Government and various banks in the country. The banking industry as a whole and State Bank of India in particular were known as the best pay masters to their workforce. It’s just quite different a scenario now and the employees in banking industry are at a lowest ebb. Employees in other organisation cried, and genuinely so, for parity with State Bank in terms of wages including allowances and Pension. It was done, but why should there be any disparity now targeting banking industry extending favour to Central Government staff. They are better paid, it is welcome, but why not apply the same scales, as the so called principle of parity demands, to the banking industry. The gap, as the table given below shows, is more than double at certain stages. The wages calculated in terms of new allowances and perquisites at the latest level have further increased the level of gap. I am on collection of latest available data in the matter to be published later on in this very blog.

Categories Central Government SBI/ Other Banks Difference
Subordinate staff 11,640.00 6,953.40 4,686.60
Assistants/Clerks 12,792.00 7,712.40 5,079.60
Officers 33,920.00 16,940.00 16,980.00
Executives 72,072.00 34,127.20 37,944.80
  • Source –SBI Elders Voice, December’2012.
  • Amounts shown are on the monthly average basis.
  • Categories vary designation wise, but they are given here in the generalised manner.
  • ‘Difference’ Column shows the plus factor the Central Government employees are enjoying in comparison to those serving in different banks.
  • Comparisons are shown based on the last pay revision agreements in 2009.

If slogan of equality measures, it is very much the turn of the bank employees now to be extended the required benefits, which they very much deserve. There are several instances when the freshers joining the bank’s service quit their job the moment they come to know of the real monthly emoluments payable to them by way of their salary. This is actually for the respective unions/ federations operating in the banking industry to more vigorously launch the required movement for the purpose. This has to be done both in respect of the salary and allowances and also the pension/family pension payable to the retirees.

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15 thoughts on “SBI–Workforce lags much behind many on emoluments:”

      1. Thanks neelkanth,
        It is realized that the link is mostly off-topic; for your particular situation. A situation I know little of.

        Though during my working life, I was the Local Chairman for The Brotherhood of Locomotive Engineers – local 593 for about eight years. A union that is now amalgamated into others. Be that as it may. I only tell you so, for demonstration. That I have a little understanding of problems and solutions, faced by employees and corporations.

        However I thought it was important. For the information, the link contained. Since it demonstrates the layers of corruption that some of our fellow human beings are capable of and the lengths they are willing to go. You likely know that, corruption is global in nature. That the honesty expected of ordinary people. Does not extend to those who control wealth. Both their own and other people’s. In fact it is other people’s wealth, that is more under attack.

        Is there a conspiracy? Well I believe so. Generally I can tell truth and have a good nose for rubbish. It is not good to buy into everything. Seeing is believing. Though it is better to rise above. To be flotsam, on the sea of desire. Yet that does not diminish my admiration and support. For those who are seeking to bring light, to the darknesses of society.

        I am not an ostrich sticking my head into the sand. We still live in this world and rejection of society is rarely an option.

        The renumeration for work, hard work. Is often not paid by employers. Who nearly always seems to be of the opinion that this work should be done without recompense. They have an exaggerated view of wealth and why they should have it and others not.

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  1. SIR, YOU HAVE GIVEN A VERY GOOD BRIEF, BOTH PAST AND PRESENT, OF SBI EMPLOYEES/OFFICERS AS COMPARED TO CENTRAL GOVERNMENT EMPLOYEES/OFFICERS. I STILL REMEMBER THE DAY WHEN I JOINED SBI IN APRIL 1974…MY WHOLE FAMILY INCLUDING MY RELATIVES WERE VERY HAPPY ON MY JOINING SBI AND EVERYBODY WAS SAYING ONE THING “AB LADKI WALE ISKE PEECHA LINE LAGA DENGE APNI LADKI DENE KE LIYE”. WHAT I MEAN TO SAY IS THAT AT THAT TIME BANK EMPLOYEES AND PARTICULARLY THOSE WORKING IN STATE BANK OF INDIA, WERE VERY MUCH IN DEMAND AND WERE MOST SOUGHT AFTER FOR METROMONIAL PURPOSES. BUT NOW A DAYS THE POSITION IS REVERSE. I FULLY AGREE WITH THE VIEWS OF MY CO-FOLLOWER shyammohanmisra THAT ONLY WEAK SUFFERS DISCRIMINATION. NOW SINCE THE 10TH BIPARTITE SETTLEMENT IS DUE W.E.F. IST NOVEMBER 2012, WE CAN ONLY PRAY THAT THIS TIME BANK EMPLOYEES GET A REASONABLE INCREASE IN THEIR WAGES, WHICH THEY VERY MUCH DESERVE, TO BRING THEM AT PAR WITH CENTRAL GOVERNMENT EMPLOYEES/OFFICERS.

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  2. Sir It is high time for bank unions/association/ federation to evaluate the situation and strive hard to bring back the glory regarding the salary and service conditions. You have shown the mirror to those now who are evading this as the negotiations for the tenth wage revision is to commence. We understand perhaps it is the last chance for the bank men to regain the position and also for associations to retain their relevancy.

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  3. DEAR SHRI NEELKANTH JIVERY GOOD ARTICLEEFLECTIN THE SALARY STRUCTURE OF THE SBI STAFF.A LARGE NUMBER OF P-E,SIO,ERS FROM I,NDIA’S LARGEST BANK,STATE BANK OF INDIA(SBI),CONTINUE TO THEIR PNSION AT OLD RATES(OLD SCALES).THIS HAS RESULTED IN OFFICERS AND STAFF GETTING PENSION THAT IS LOWER THAN THAT OF THEIR COUNTEERPARTS WHO HAVE RETIRED IN THE SAME RANK IN RECENT YEARS.DIFFERENT SET OF PENSION FIXED FOR STAFF RETIRING ON DIFFERENT TIMES HAS RESULTED IN A PIQUNT SITUATION AND DISPARITIES,.SUCH IS THE SITUATION THAT AFORMER SBI CHAIRMANWHO RETIRED IN 1990S,ISTODAY GETTING PENSION THAT IS LESS THAN A RECENTLY RETIRED CRERK OF THE SAME BANK.WE HAVE BEEN DEMANDING THE PENSION FIXATION BE RATIONALISED SO THAT PEOPLE RETIRING IN THE SAME RANK GET THE SAME PENSION.”THE PENSION OF THOSE WHO RETIRED EARLIER SHOULD BE REVISED IN ACCORDANCE WITH RULES APPLICANBLE AT PRESENT AND BE FIXED AT 50 PER CENT,AS IN THE GOVERNMENT NORM.K.R SAINI

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  4. Sir highlights given by you are highly beneficial and relevant to the present scenario. it is high time that not only union but also the management should take quick steps any try to resolve this discrimination done to SBI employees.

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  5. “SO CALLED PRINCIPLE OF PARITY” – _MANGE BHEEKH DHARA JO PAWEN – TO DEENAHU BHUPAL KAHAWEN….. All type of slogans or socialismn or any thing else like that has no value,these are t6he words to befool the public in general.When the State Bank Staff Association was strong the Bank staff was well paid.Now the same Association has become very weak there fore none is to hear of them merely on the PRICIPLE PARITY.

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