UFBU Decisions on PLI and 5-Day Banking

United Forum of Bank Unions issued a circular outlining ongoing discussions with the government and Chief Labour Commissioner on Performance Linked Incentive (PLI) for senior officers (scale IV and above). The forum opposed the early introduction of PLI, citing concerns over unequal payouts e.g., up to 365 days’ salary for senior officers vs 15 days for others, and opposition to the existing equal-incentive system based on bank performance.