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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA
UNSTARRED QUESTION NO: 1639
ANSWERED ON:  27.07.2018
VRS Scheme in SBI
UDIT RAJ
Will the Minister of



FINANCE be pleased to state:-


(a) whether the State Bank of India (SBI) and its other associate banks are proposing Voluntary Retirement Scheme (VRS) on account of merger of SBI with its five associate banks;
(b) if so, the details thereof; and
(c) the number of employees who are being laid off on account of the proposed merger, grade-wise and position-wise?


ANSWER
The Minister of State in the Ministry of Finance


(a) & (b): State Bank of India (SBI) has informed that, at present, there is no plan to launch Voluntary Retirement Scheme (VRS) in the bank. However, VRS was offered to employees and officers of five erstwhile associate banks of SBI before merger.
(c): SBI has apprised that there was no lay-off on account of merger.

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