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SBI introduces staff paid bereavement leave: Report

29 Dec 2017 Evaluate

State Bank of India (SBI) has reportedly introduced a special leave for employees who have suffered bereavement in the family. This will be a one-week paid leave on the loss of a family member.

Moreover, the Bank will provide 75% subsidy on mediclaim premium for retired employees earning pension up to Rs 20,000. For those earning Rs 20,000-30,000 pension, the subsidy would be 60%.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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