VRS Scheme for Bank Employees after merger of SBI

VRS Scheme for Bank Employees after merger of SBI

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
RAJYA SABHA
QUESTION NO 36
ANSWERED ON 19.12.2017

RS due to merger of SBI and its associate banks

36 Shri Surendra Singh Nagar
Will the Minister of FINANCE be pleased to state :-
(a) whether it is a fact that State Bank of India and its other associate banks are offering voluntary retirement scheme due to merger of five associate banks with State Bank of India;
(b) if so, the number of employees being removed from their jobs because of the merger, grade-wise and post-wise details thereof;
(c) the number of applications submitted by the employee unions or employees against likely retrenchment and merger, bank-wise; and
(d) whether Government has prepared any plan for re-employment of State Bank of India employees in other Government organisations in the same rank and to reskill them?

ANSWER

The Finance Minister

(a) to (d): A Statement is laid on the Table of the House.
RAJYA SABHA STARRED QUESTION NO. 36 FOR ANSWER ON THE 19TH DECEMBER, 2017 REGARDING ‘VRS DUE TO MERGER OF SBI AND ITS ASSOCIATE BANKS’ ‘TABLED BY SHRI SURENDRA SINGH NAGAR MEMBER OF PARLIAMENT.
(a) to (d): State Bank of India (SBI) has informed that, at present, there is no plan to launch VRS in their bank. However, VRS was offered to employees and officers of five erstwhile associate banks of SBI before merger.
SBI has informed that no employee has been removed after merger and no application was submitted by the employee unions or employees against retrenchment and merger.
At present, no re-employment proposal is under consideration of the Government.