8.70 (0.83%) State Bank of India (SBI) has proposed to recruit 14,000 employees during the current year and its 'on tap VRS' is not a cost-cutting exercise. The country's largest lender has planned a voluntary retirement scheme (VRS) under which about 30,190 employees are eligible.
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.