STATE BANK STAFF UNION, CHENNAI vs UNION OF INDIA .

The Supreme Court upheld the constitutional validity of Section 43-A of the State Bank of India Act, 1955, introduced by the Banking Laws (Amendment) Act, 1984, which restricts the payment of bonuses to employees of the State Bank of India to those prescribed under the Payment of Bonus Act, 1965. The Court clarified that the new provisions override any customary practices or previous judgments regarding bonus payments. Consequently, the appeal against the Madras High Court's dismissal of the writ petition challenging the amendment was dismissed, affirming the Bank's position on bonus payments.