Union Finance Minister meets delegation of bank employees representing different Public Sector Banks (PSBs)

The Union Finance Minister met with a delegation of bank employees representing various Public Sector Banks, led by the Bharatiya Mazdoor Sangh. During the meeting, the delegation raised issues concerning the banking sector, including the review of ex-gratia payments, medical facilities for retired employees, and the structure of the Performance Linked Incentive (PLI) Scheme for Public Sector Bank employees. In response to these concerns, the government decided to keep in abeyance the implementation of the PLI Scheme dated 19.11.2024 for the financial year 2025–26, with plans to address it during ongoing Bipartite Settlement or Joint Note discussions.