KUALA LUMPUR (Jan 10): Some 20,000 bank employees consisting of clerical and non-clerical categories from 20 banks will receive salary adjustment of 10 to 12 per cent, said Malayan Commercial Banks’ Association (MCBA).

MCBA president, Nora Abd Manaf said the salary adjustment was effective Jan 1, 2018 and the staff will receive their salary adjustment by month-end.

"We have 20 banks, hence, it is up to them. But I assure it will be done by end of this month," she said in a press conference after the signing of a new collective agreement (CA) for the period from Jan 1, 2018 to Dec 30, 2020.