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  #2  
24th December 2015, 12:30 PM
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Re: The State Bank Of India Vrs- Case Study

Hello sir I want to know about The State Bank Of India Vrs- Case Study so here can you please give me its basic details ?
  #3  
24th December 2015, 12:32 PM
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Join Date: Aug 2012
Re: The State Bank Of India Vrs- Case Study

Hey as The case 'The State Bank of India VRS' is intended to provide a detailed insight into the developments after leading Indian public sector bank SBI decided to implement a VRS.

VRS Troubles

In February 2001, India's largest public sector bank (PSB), the State Bank of India (SBI) faced severe opposition from its employees over a Voluntary Retirement Scheme (VRS).

The VRS, which was approved by SBI board in December 2000, was in response to Federation of Indian Chambers of Commerce and Industry's (FICCI) report on the banking industry.

The report stated that the Indian banking industry was overstaffed by 35%.

Though SBI promoted the VRS as a 'Golden Handshake,' its employee unions perceived it to be a retrenchment scheme.

They said that the VRS was completely unnecessary, and that the real problem, which plagued the bank were NPAs .

The unions argued that the VRS might force the closure of rural branches due to acute manpower shortage.

Protests

The SBI was shocked to see the unprecedented outcry against the VRS from its employees.

The unions claimed that the move would lead to acute shortage of manpower in the bank and that the bank's decision was taken in haste with no proper manpower planning undertaken.

They added that the VRS would not be feasible as there was an acute shortage of officers (estimated at about 10000) in the rural and semi-urban areas where the branches were not yet computerized.

Moreover, the unions alleged that the management was compelling employees to opt for the VRS.

They said that the threat of bringing down the retirement age from 60 years to 58 years was putting a lot of pressure on senior bank officials to opt for the scheme.
  #4  
27th April 2021, 02:55 PM
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Re: The State Bank Of India Vrs- Case Study

Sbi vrs case study solution is required


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