In our earlier UFBU circular we had informed about the minutes signed with
the IBA on the revised parameters for grant of performance Linked
Incentive(PLI) by the Banks.
Based on this Minutes signed between IBA and UFBU, IBA has issued circular
communication to all Public Sector Banks in this regard. (HR&IR/MBR/2024-
25/1249 dated 16-7-2024)
The revised norms/matrix will be applicable for grant of PLI for the year
2023-24 onwards. Hence all PSBs will now decide the PLI payable for
the year 2023-24 based on the revised matrix and the same will be
paid to the employees.
Under these revised norms, each Bank can decide any of the following
parameters for granting the PLI .
- CASA
- NPA
- SMA
- Non-Interest Income
- Total business
- Profitability
- ROA/ROE
- Government schemes
Banks can decide the matrix from amongst the above parameters looking to
their business potential, priorities, business plan, etc.
Instead of PLI of 5 days, 10 days and 15 days, PLI can now be granted from
1 day wage to 15 days wage, i.e. 1,2,3,4 ………. 11,12,13,14 or 15 days.