No Comparison between pay Structure of Central Government Employees and of Bank Employees

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....o Comparison between pay Structure of Central Government Employees and of Bank Employees <br>News and Press Release<br>Dated:- 30-11-2012<br><BR>Press Information Bureau Government of India Ministry....

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.... of Finance 30-November-2012 15:33 IST The pay scales of employees in Public Sector Banks (PSBs) are determined as per the agreement between the management and Associations/Unions every five years. ....

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....Besides the pay, employees in banks are also entitled to a number of other allowances and benefits. The pay scale of the Central Government employees are finalised by Government taking the recommendat....

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....ions of Central Pay Commission into consideration and these pay scales are reviewed generally after ten years. The terms and conditions of service of Central Government employees and Bank employees ar....

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....e entirely different and are regulated in terms of the respective service conditions. Hence, no comparison can be drawn between pay structure of Central Government employees and of bank employees. Th....

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....is was stated by the Minister of State for Finance, Shri Namo Narain Meena in a written reply to a question in the Lok Sabha today. ****** DSM/RS/ka<BR> News - Press release - PIB....