The Chief Labour Commissioner has ordered IBA to advise Banks to defer PLI Payment to Senior Executives. The issue of PLI has gained massive backlash, and bank employees all across India are criticizing the government for the discriminatory PLI scheme. Under the new PLI scheme, the senior executives of banks (Scale IV and above) will be paid PLI up to 100% of their annual basic pay, whereas junior officers will get PLI only up to 15 days of basic pay.
The United Forum of Bank Unions has announced a protest against this discriminatory PLI. Officers up to Scale III are leaving branches at 5 or 6 pm and have withdrawn extra co-operation. It seems the banking industry is going through a cold war, and a letter from the government ignited the fire.
On 18 March 2026, the Government sent letters to all Public Sector Banks to credit PLI to senior executives of Banks. This letter received severe criticism as the maximum revenue is generated for banks by branch heads who are Scale II and Scale III. So, PLI should also be provided to them.
As per reports, all Banks are planning to credit PLI to Senior Executives by the end of this month. Earlier, UFBU had written a letter to the Chief Labour Commissioner to intervene as the matter of PLI is still pending with CLC. The Government has overruled the CLC and ordered Banks to credit PLI to senior executives. Now CLC has ordered IBA to advise Banks not to credit PLI to senior executives and hold the PLI payment until the matter is under consideration.
