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Banking was a State subject at that time and hence there were number of Tribunals and Awards. The growing discontentment amongst the bank employees was sensed by the management and the authorities and banking was made a central subject.
Consequently, there were All India tribunals. The unduly long periods of awaiting, the unsatisfactory awards and the bias of the authorities made the AIBEA in 1964 to demand direct bilateral negotiations and settlement. AIBEA succeeded in this effort when in 1966 the first ever industry level Bipartite Settlement was signed between the AIBEA and the bank management's across the table...
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