Question : PENSION SCHEME FOR IDBI

(a) whether the present management of IDBI has decided to change the pension parameters approved by its earlier Board on August 9,1997 and ignore the policy guidelines of the Central Government for uniform pension scheme for the financial institutions and the nationalised banks including IDBI and RBI;

(b) if so, the reasons therefor; and

(c) the time by which the pension scheme is likely to be introduced in the IDBI without truncating the basic structure of the scheme ?

MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATIL)


(a) : No, Sir.

(b) : Does not arise.

(c): :The pension scheme was introduced in Industrial Development Bank of India with the approval of Government of India with effect from 1.11.1993. The scheme is broadly in line with the pension scheme prevalent in Reserve Bank of India.