Published Paper Details:

The research analyzes how mergers and acquisitions (M&A) affect labour rights in the Indian banking sector. The research explores legal challenges and issues that occur from complex transactions in the Indian banking sector transactions. The study examines the key legislative frameworks including the Industrial Disputes Act, 1947, which specifies rules about transfer of employment and compensation; the Contract Labour (Regulation and Abolition) Act, 1970 which discusses implications for contract workers in M& A scenarios and the Payment of Gratuity Act, 1972 which highlights the challenges in safeguarding employee entitlements during mergers. Additionally, the paper evaluates, The Reserve Bank of India guidelines to demonstrate banking sector applications of regulatory requirements and employee protection. Through a comprehensive analysis of various M&A schemes within the banking sector, the efficacy of these frameworks is assessed, drawing on case laws that illustrate judicial interpretations and outcomes related to employees' rights during the mergers. The data collected from the employees regarding M&A effects is analysed to provide insights into the real world and practical implications of these legal provisions. The study focuses on key challenges, including job security, compensation disputes and the adequacy of existing labour laws in addressing these M&As in the Banking sector. By synthesizing legal analysis with these data, this paper aims to contribute to a deeper understanding of labour rights protection with respect to Banking mergers and acquisitions in India and gives recommendations for enhancing the legal framework to better safeguard employee interests during these transformative processes.