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Indian banks must finalize wage talks within 12 months, with new rates taking effect November 2027.
The Indian government has directed public sector banks to complete wage negotiations within 12 months, with revisions set to take effect November 1, 2027.
Officials emphasize timely settlement to avoid delays in permanent regulations.
This move supports employee morale as PSBs report record profits and low asset defaults.
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Los bancos indios deben finalizar las negociaciones salariales dentro de 12 meses, con las nuevas tasas que entrarán en vigor en noviembre de 2027.