PSBs TURNED THE STORY AROUND. DID EMPLOYEE RECOGNITION?
From 14.58% GNPA in March 2018 to just 1.93%, Public Sector Banks have delivered a historic turnaround—while achieving record profits with fewer hands.
Yet, 5-Day Banking remains pending, and the revised PLI framework raises serious concerns about employees being left with little or no incentive.
When success is collective, why should recognition be selective?
The people who delivered the turnaround deserve a system that recognises their contribution.
Implement 5-Day Banking. Make PLI fair, inclusive and collective-performance based.
@DFS_India@PMOIndia@nsitharaman@nsitharamanoffc@FinMinIndia
#5DayWeekandFairPLI #FBOIOA
#AIBOC
Quick approval of the 5-day week will create a more satisfied and engaged workforce willing to contribute even more to the banks.
Bankers also needs "Work Life Balance". Honour the joint note signed on 8th March 24.
#5DayWeekandFairPLI#AIBOC@PMOIndia@DFS_India@nilesh_pawar15
Working Days in Week
▶️RBI- 5days
▶️DFS - 5 days
▶️LIC - 5 days
▶️CVC - 5 days
▶️SEBI - 5 days
▶️BSE- 5 days
▶️NSE- 5 days
▶️NPCI - 5 days
▶️IRDAI- 5 days
▶️Ministry - 5 days
▶️State Govt - 5 days
▶️NABARD-5 days
15 Lac Bankers still waiting!
#5DayWeekandFairPLI#AIBOC
#FBOIOA
An agreement must be honoured. A reward system must be fair.
#5DayWeekandFairPLI
The 5 Day Work Week for bank employees was agreed in the Bipartite Settlement of March 2024. Its implementation cannot remain pending indefinitely.
At the same time, a unilateral and discriminatory PLI framework that divides the workforce must give way to a fair, transparent and inclusive system for all employees.
Every achievement of our banks is the outcome of collective effort.
Recognition too must reflect that collective contribution.
We seek no privilege, only implementation of an agreed commitment, equality in reward and dignity at work.
@PMOIndia
India’s Bank employees seek two things rooted in fairness and dignity at work.
#5DayWeekandFairPLI
The demand for a 5 Day Work Week in banks is not new. It already stands agreed upon in the Bipartite Settlement of March 2024. What remains is its long-pending implementation.
At the same time, the unilateral and discriminatory PLI system must be abolished and replaced with a fair, transparent and inclusive framework for all employees, recognising the collective effort behind every institution’s performance.
Hardworking bank employees are not asking for privilege. They are asking for implementation of an agreement and equality in reward.
A motivated banking workforce strengthens Indian banking and the nation.
@PMOIndia
@nilesh_pawar15 Banking has evolved. Technology has evolved. Customer expectations have evolved.
So why is the banking workweek stuck in the past?
5-Day Banking is not a luxury. It is a long-overdue reform for a modern banking system.
5-Day Week Now!
#5DayWeekandFairPLI@DFS_India@PMOIndia
905 days since the 9th Joint Note.
997 days since the written understanding on 5-Day Banking.
Bankers even agreed to work 40 extra minutes every weekday.
A signed commitment cannot remain pending indefinitely.
And now the revised PLI matrix says something equally disturbing:
Even when a Bank performs exceptionally well, the bottom 20% of officers get ₹0.
Not less.
Not reduced.
ZERO.
Every year, 1 in 5 officers can be branded a “zero contributor” irrespective of the Bank’s overall performance.
That is not Performance Linked Incentive.
That is Performance Linked Exclusion.
Honour the commitment.
Make PLI fair.
#5DayWeekandFairPLI
@fboioa @boioapune
@nilesh_pawar15 5-day work week isn’t a luxury.
IT, corporates, even many private financial institutions already have it.
Banks handle national financial stability, not casual desk jobs —
burnout here has real consequences.
#5DayWeekandFairPLI@aiboc_in@fboioa_india
905 days since the 9th Joint Note.
997 days since the December 2023 understanding when 5 Day Banking Promise was agreed in written.
Digital payments are 99.7% of transaction volume. Cheques, 2.3% of value. RBI, LIC & GIC already work five days.And Bankers offered 40 extra minutes a weekday for it. Despite everything they failed to keep the promise. A signed commitment is not a suggestion but an obligation.
Read the revised PLI matrix carefully.
In EVERY scenario — even where the Bank scores above 80% and performed magnificently ��� the bottom bracket receives Rs 0.
Not a reduced award. Zero!
1 in 5 officers, every year, labelled as zero contributor.
Not an incentive, a backfired initiative. We demand #5DayWeekandFairPLI
Dear @PMOIndia & @mansukhmandviya,
A country of ~1.5 lakh people can build a football team that qualified #FIFA, while India with 150+ crore people still struggles to reach the FIFA.
The issue isn’t population. It’s vision, planning and accountability. India deserves better. 🇮🇳⚽