Two industrial disputes between the management of Bihar Gramin Bank and its employee unions have been resolved through conciliation efforts by the Assistant Labour Commissioner (Central), Patna, under the Ministry of Labour and Employment. The settlements will deliver financial benefits worth approximately ₹77.69 crore to over 10,900 bank employees.
The first agreement, signed on October 22, 2026, with the Bihar Gramin Bank Adhikari Sangh, covers around 8,400 officers and staff with financial benefits totaling about ₹67.17 crore. It addresses key demands including Performance Linked Incentive payments, wage increases, revised officiating and travel allowances, promotions, and compassionate appointments.
The second agreement, reached on October 23, 2026, with the Bihar Gramin Bank Workers Organisation, affects around 2,500 staff members. It involves benefits amounting to ₹10.52 crore, including recurring annual benefits of ₹9.02 crore. This settlement covers the implementation of the 12th Bipartite Settlement, House Rent Allowance revisions, transport allowance increases for Divyang employees, overtime pay, and transparent promotion procedures.
What it means
- Around 8,400 officers and staff will receive financial benefits of approximately ₹67.17 crore covering PLI, wage enhancements, and promotions.
- About 2,500 workers will receive ₹10.52 crore in total benefits, including ₹9.02 crore in recurring annual benefits.
Source
Press Information Bureau, Government of India, “Industrial Settlements Benefit Over 10,900 Bihar Gramin Bank Employees, Securing Financial Benefits Worth Nearly ₹78 Crore”. Read the original release.
Summary of an official release for general information only. Not investment advice. Read the original source before acting on any information.
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