MoneyWorks4Me

State Bank of India plans VRS scheme to optimise costs

07 Sep 2020 Evaluate

In a bid to optimise its costs, State Bank of India (SBI) has planned a voluntary retirement scheme (VRS) under which about 30,190 employees are eligible. The total employee strength of country's largest lender stood at 2.49 lakh at the end of March 2020 as compared to 2.57 lakh a year ago.

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 1004.50
PNB 116.85
Bank Of Baroda 238.00
Canara Bank 124.20
Union Bank Of India 180.80
View more..