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INDUSTRIAL RELATIONS PART B
What is the primary objective of industrial relations in the banking sector?
The primary objective is to maintain harmonious relations between management and employees to ensure smooth functioning of banking operations and prevent disruptions through conflicts or strikes.
What is the meaning of 'industrial peace' in the context of banking sector relations?
Harmonious employer-employee relationship ensuring uninterrupted bank operations
Which central legislation governs trade unions in India?
The Trade Unions Act, 1926 governs the registration, rights, and responsibilities of trade unions in India, including those operating in the banking sector.
What is the role of the Indian Banks' Association in wage settlements?
IBA negotiates bipartite wage settlements on behalf of member banks
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