Govt keeps PSB employees' PLI scheme for FY26 in abeyance after union representation

PSB employee PLI scheme kept in abeyance for 2025-26

The decision follows discussions with bank employees on ex-gratia, medical facilities for retirees and differences over performance-linked incentives.

Government Puts Executive PLI Scheme in Public Sector Banks on Hold; AIBOC Calls It Victory of Collective Unity

Get latest articles and stories on India at LatestLY. 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. India News | Government Puts Executive PLI Scheme in Public Sector Banks on Hold; AIBOC Calls It …

Govt keeps PSB employees' PLI scheme for FY26 in abeyance after union representation

The government has postponed the performance-linked incentive scheme for bank employees. This decision follows employee representations seeking a review of the existing structure. Finance Minister Nirmala Sitharaman met with bank employee representatives to discuss their concerns. The scheme's implementation for 2025-26 will be kept in abeyance. Discussions will continue through bipartite settlement and joint note talks.