With banks threatening to go on strike, the government has temporarily put on hold the implementation of the new Performance Linked Incentive scheme for the financial year 2025–26.

The government has postponed the performance-linked incentive scheme for bank employees. This decision follows employee representations seeking a review of the existing structure.…

The finance ministry said in a statement Monday it has taken cognisance of the concerns and decided to keep the implementation in abeyance in response to the employee…