South Malabar Gramin Bank and the Union of India, have filed two civil appeals against the judgment of the Kerala High Court dated 25.11.1998. The Division Bench of Kerala High Court by the ... impugned judgment, dismissed the appeals filed against the judgment of the learned Single Judge and held that the Central Government having accepted the NIT Award as well as the report of the Equation Committee and having given effect to the 5th Bipartite Settlement between the employees of the sponsor bank and the management, the employees and officers of the Regional Rural Banks ipso facto would be entitled to the revision of their wages, as and when the wages of the sponsor bank employees get revised, pursuant to Bipartite Settlement and, therefore the subsequent Bipartite Settlements, namely the 6th and 7th Bipartite Settlements should be given effect to revise the pay structure of the officers and employees of the Regional Rural Banks also.