Voluntary Retirement Scheme (VRS) in Associate Banks of SBI
Job losses due to SBI Merger
State Bank of India (SBI) informed that five Associate Banks of SBI have launched Voluntary Retirement Scheme (VRS) for their employees. The details of applications received for VRS in Associate Banks of SBI is as under:
|Name of Associate of SBI||Officers||Award Staff|
|State Bank of Bikaner & Jaipur||626||480|
|State Bank of Hyderabad||550||430|
|State Bank of Mysore||309||499|
|State Bank of Patiala||495||404|
|State Bank of Travancore||310||261|
(The last date of withdrawal of applications is 12 April, 2017)
SBI has informed that no employee will be laid off on account of merger.
The above information given by the Minister of State for Finance in Parliament on 11.4.2017.