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IDBI Bank Unions Demand Minimum 15 Days PLI for All Employees
The unions of IDBI Bank have urged management to immediately release a minimum of 15 days’ salary as Performance Linked Incentive (PLI) to all employees, citing record profits in FY 2024–25 and delays in appraisal transparency compared to other banks.
Author: S Nila
Published: 10 hours ago
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The All India IDBI Bank Employees’ Association (AIIDBEA) and the All India IDBI Bank Officers’ Association (AIIDBIOA) have jointly appealed to the Managing Director and CEO of IDBI Bank, urging immediate payment of a minimum 15 days’ salary as Performance Linked Incentive (PLI) to all employees, irrespective of grade, role, or seniority.
In their letter, the unions highlighted that under the present leadership, IDBI Bank reported a record net profit of ₹7,515 crore in FY 2024–25, reflecting a robust year-on-year growth of 33%. Terming it a “proud moment,” the associations emphasised that every employee contributed to this historic achievement and therefore deserves equitable recognition.
Image - Union Letter to MD&CEO
Industry Practices & Delay in Disbursement
The unions pointed out that other banks across the industry have already disbursed PLI for FY 2024–25 in the first quarter of FY 2025–26. In contrast, IDBI Bank employees are still awaiting clarity, as the Performance Grade (PG) ratings—a prerequisite for PLI calculation—have not been disclosed even five months after the financial year’s closure.
Call for Transparency in Evaluation
The associations criticised the current appraisal mechanism for its lack of transparency. At present, only the final PG rating is shared with officers, without details of the marks earned out of 100 or feedback from the reviewing authority. The unions argued that this practice denies employees the opportunity to understand their Key Result Areas (KRAs) for improvement.
To ensure fairness and accountability, they have demanded:
- Immediate disclosure of PG ratings along with detailed mark break-up.
- Feedback from reviewing authorities to guide employee improvement.
- Disclosure of highest, average, and lowest marks within each cohort.
- Proper notification via SMS and email about the grievance submission window, with at least three working days provided.
The Core Demand
The unions have firmly requested management to approve and release PLI equivalent to not less than 15 days’ basic pay plus dearness allowance for all employees, stressing that this should be done without further delay.
They concluded by reiterating that such a step would not only reward employees fairly for their contributions but also align IDBI Bank with industry-level practices set by the Indian Banks’ Association (IBA).
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