State Bank of India - The VRS Story

QUESTIONS FOR DISCCUSION

1. The results of the SBI VRS were not in line with the management's expectations. Comment on the above statement and discuss the effects of the VRS on SBI.

2. In most of the VRS implementation exercises in Indian PSUs, the largest number of applicants have been from the officer cadre. Was SBI wrong in not anticipating this for its VRS? Also comment whether SBI was justified in altering the eligibility criteria for the officer cadre to restrict their outflow.

3. The outcome of the SBI VRS has highlighted the need for proper manpower planning and HRD policies in Indian public sector banks. Discuss the various steps to be taken by the SBI in the post VRS scenario?

ADDITIONAL READINGS & REFERENCES

1. Mandal Kohinoor & Mukherjee Arpan, Voluntary retirement scheme by September, June 23, 2000, Indian Express.
2. Ray Chaudhuri Sumanta, State Bank's VRS likely to leave pension fund deep in the red, November 21, 2000, Financial Express.
3. SBI VRS targets to shed over 25,000 staff, December 28, 2000, Indian Express
4. Sahad P.V, SBI employees protest over VRS, December 28, 2000, India Today
5. SBI unions to seek review of VRS, December 31, 2000, Economic Times.
6. Ray Chaudhuri Sumanta, SBI staff wants VRS period extended, January 3, 2001, Indian Express.
7. Ray Chaudhuri Sumanta, SBI bars treasury managers, forex dealers from VRS, January 9, 2001, Financial Express.
8. SBI may amend criteria for VRS, January 23, 2001, Indian Express.
9. Bankeshwar S Suresh, SBI needs to reorient its HRD policy to counter VRS fallout, January 25, 2001, Financial Express.
10. Ray Chaudhuri Sumanta, VRS to cost SBI Rs 2,400 crore if all applications are accepted, January 31, 2001, Indian Express.
11. 32,000 employees apply for SBI's VRS, February 1, 2001, Indian Express.
12. SBI to reject 10,000 VRS applications, February 3, 2001, Hindustan Times.
13. SBI downplaying VRS numbers – Unions, February 5, 2001, Indian Express.
14. Ray Chaudhuri Sumanta, SBI brass gets circular mania over VRS, February 8, 2001, expressindia.com
15. SBI officers allege discrimination in VRS rules, February 19, 2001, Financial Express.
16. Officer optees of VRS criticize SBI move, February 20, 2001, Business Line.
17. SBI VRS optees may go to court, February 28, 2001, Business Line.
18. VRS – denied SBI officers plan action, March 20, 2001, Business Line.
19. Action plan initiated by SBI officers denied VRS, March 20, 2001, Economic Times.
20. After VRS jubilation, SBI faces superannuation kick, March 27, 2001, Economic Times.
21. Kumar Rishi, SBI: Rejected VRS optees may move court, April 23, 2001, Hindu Business Line.
22. Kumar Himendra, Reporter's Notebook, May 4, 2001, Business Week.
23. SBI aims to hike advances by Rs 18,000 crore, June 21, 2001, Hindustan Times.
24. Shetty Mayur, The big bank theory, July 18, 2001, Economic Times.
25. Shukla Nimish, SBI revamp to see loss-making branches merged, July 20, 2001, Economic Times.
26. Goswami Nandini, Life after VRS: Nationalized banks facing shortage of staff, August 18, 2001, Economic Times.
27. www.banknetindia.com
28. www.indiainfoline.com
29. www.bankersindia.com
30. www.equitymaster.com

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