Government puts executive PLI Scheme in Public Sector Banks on hold; AIBOC calls it victory of collective unity

The Department of Financial Services (DFS), Ministry of Finance, has decided to keep in abeyance the payment of Performance Linked Incentive (PLI) to Scale IV to VIII executives of Public Sector Banks (PSBs) for the financial year 2025-26, following widespread representations from bank employees. In a communication issued on Monday to the Chairman of State Bank of India and the Managing Directors and CEOs of all Nationalised Banks, the DFS stated that the matter would instead be taken up during the ongoing 13th Bi-partite Settlement/10th Joint Note discussions. The PLI Scheme for Whole Time Directors and Senior Executives of PSBs was origina…