Plan to recruit 14,000 staff this year; VRS not cost-cutting exercise: SBI
Mon, Sep 7, 2020 9:14 PM

Plan to recruit 14,000 staff this year; VRS not cost-cutting exercise: SBI

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The State Bank of India (SBI) on Monday said it proposes 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. The proposed VRS is not a cost-cutting exercise, an SBI spokesperson said in a statement.

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