Two Bihar Gramin Bank Disputes Settled Through Conciliation, 10,900 Employees To Benefit
What Happened
The Ministry of Labour and Employment has resolved two industrial disputes between Bihar Gramin Bank and its employee organisations through conciliation. The settlements will benefit over 10,900 employees with about ₹77.69 crore, including recurring annual benefits of around ₹9.02 crore. The agreements cover issues including performance-linked incentives, allowances, wage enhancement, promotions, overtime, HRA, compassionate appointments and implementation of the 12th Bipartite Settlement.
Key Takeaways
More than 10,900 Bihar Gramin Bank employees will receive financial and recurring benefits following the settlement of the two long-running industrial disputes.