PSBs can now have its own policy on Staff Housing Loan:- Govt has - TopicsExpress

PSBs can now have its own policy on Staff Housing Loan:- Govt has advised IBA that “PSBs may decide the matter related to Staff Housing Loan policy with the approval of its Board and Board may suggest, if it feels it to be a part of Wage Negotiations”. It has also has asked the IBA to convey the decision of the Government to all PSBs. Till recently, the Housing Loan was a industry level policy as approved by Govt. With granting of autonomy Banks started to modify the scheme. Now, with this instruction, perhaps, govt has let it go out of its ambit.

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