SOUTH MALABAR GRAMIN BANK vs CO-ORD.COMMITTE OF S.M.G.B.EMP.UNION&ORS

The Supreme Court upheld the Kerala High Court's decision regarding the entitlement of employees of Regional Rural Banks to wage revisions in line with the Bipartite Settlements applicable to Nationalised Commercial Banks, specifically referencing Section 17 of the Regional Rural Banks Act, 1976. The Court affirmed that the Central Government's acceptance of the NIT Award and the 5th Bipartite Settlement mandates similar wage adjustments for Regional Rural Bank employees. The appeals by South Malabar Gramin Bank and the Union of India were dismissed, reinforcing the employees' rights to wage parity.