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SBI expects 6,000 employees to opt for VRS

SBI expects 6,000 employees to opt for VRS

Wednesday, March 29, 2017, 3:52 PM

State Bank of India is expecting to see 50% or about 6,000 employees opting for its voluntary retirement scheme. The VRS has been offered to about 12,000 employees of the associate banks. The eligibility criteria for the proposed VRS is employees who are on the pay rolls of the bank and have put in 20 years at the bank or are above 55 years.
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