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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1061.60
8.70 (0.83%) State Bank of India plans VRS scheme to optimise costs
Date: 07-09-2020In 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.