Making a big announcement, State Bank of India, the country’s largest public sector bank, has said that it is planning to make fifteen thousand new appointments this year.
On the issue of giving VRS to employees, State Bank said that the bank has prepared voluntary retirement scheme for its employees. Any employee who wishes to avail the scheme voluntarily can take voluntary retirement. The bank has said that the proposed VRS cost of the bank is not to reduce the cost but to provide better options to the employees thinking of taking VRS. The bank has always kept a friendly attitude towards the employees and is expanding its business for which people will be needed. The bank plans to hire more than 15,000 employees this year. In the statement issued by the bank, it said that there are two and a half lakh employees in the State Bank and the bank has always stood for the help of its employees. Under the State Bank’s VRS scheme, all permanent officers and staff employees who have completed 25 years of service or 55 years of age in the bank will be able to use the VRS option and this facility will be open to them.