“There have been media reports about the “On Tap VRS” scheme proposed to be launched by SBI. The studies have been interpreted as a price reducing measure and Bank’s intent to scale back workforce,” it mentioned. “Bank has been employee friendly and is expanding its operations and requires people, which is evidenced by the fact that Bank has plans of recruiting more than 14,000 employees this year.”
It additionally added that the on faucet VRS scheme was geared toward offering a congenial resolution to workers who expressed need for making strategic shift of their vocations, both because of skilled development limitations, mobility points, bodily well being circumstances or household conditions.
“While our commitment towards our valued employees remains unshakable, we are deeply desirous of skilling the unemployed youth of the country, as is evidenced by the fact that we are the only Bank in the country which has onboarded Apprentices under the National Apprenticeship Scheme of Govt of India,” it additional added.