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Chronology of Events in the History of Bipartite Wage Settlements in Indian Banking Industry (Landmarks in Wage Settlements )

(A) EARLY PERIOD :

SASTRY AWARD
LABOUR APPELLATE TRIBUNAL DECISION
INDL. DISPUTES (BANKING CO) DECISION AMENDMENT ACT, 1955
(INDL. DISPUTES (BANKING CO) DECISION AMENDMENT ACT 1957 FOR =C' CLASS BANKS
GOVT. NOTIFICATION ON D.A. CALCULATION

1953
1954
1955
1957
13-02-1960

DESAI AWARD

1962

(B) ERA OF BIPARTITE SETTLEMENTS :

1st BIPARTITE SETTLEMENT 2nd BIPARTITE SETTLEMENT SETTLEMENT ON INTERPRETATIONS SETTLEMENT ON OTHER ISSUES	16-10-1966 12-10-1970 23-07-1971 08-11-1973
3rd BIPARTITE SETTLEMENT 3RD BIPARTITE SETTLEMENT - B & C CLASS BANKS SETTLEMENT ON OTHER ISSUES SETTLEMENT ON COMPUTERS/ RESIDUAL ISSUES	01-08-1979 31-10-1979 22-11-1979 21-04-1980 08-09-1983
4th BIPARTITE SETTLEMENT SETTLEMENT ON 'B' CLASS BANKS SETTLEMENT ON OTHER ISSUES SETTLEMENT ON COMPUTERS SETTLEMENT ON 5TH BPS	17-09-1984 28-02-1995 05-01-1987 29-03-1987 23-02-1989
5th BIPARTITE SETTLEMENT SETTLEMENT FOR 'B' CLASS BANKS SUPPLEMENTARY SETTLEMENT SETTLEMENT FOR B' CLASS BANKS RESIDUAL ISSUES SETTLEMENT PENSION & COMPUTER SETTLEMENT MINUTES ON HRA	10-04-1989 03-02-1990 29-06-1990 13-10-1990 16-07-1991 29-10-1993 22-06-1994
6th BIPARTITE SETTLEMENT MOU ON RELATIVITY RELATIVITY SETTLEMENT SETTLEMENT ON RESIDUAL ISSUES	14-02-1995 30-09-1996 14-12-1996 28-11-1997
7th BIPARTITE SETTLEMENT	27-03-2000
8th BIPARTITE SETTLEMENT	02-06-2005
9th BIPARTITE SETTLEMENT MOU Signed Final settlement with 2^nd option pension	27.11.2009 27-04-2010