SBI moots VRS, about 30,000 eligible

In a bid to optimise costs, SBI has planned a voluntary retirement scheme (VRS) under which over 30,000 employees are eligible. The total employee strength of country’s largest lender stood at about 2.49 lakh at the end of March 2020 as compared to 2.57 lakh a year ago.

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Sep 7, 2020 - 14:15
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SBI moots VRS, about 30,000 eligible
In a bid to optimise costs, SBI has planned a voluntary retirement scheme (VRS) under which over 30,000 employees are eligible. The total employee strength of country’s largest lender stood at about 2.49 lakh at the end of March 2020 as compared to 2.57 lakh a year ago.