Multiple choice

Which is the first public sector bank to introduce Voluntary Retirement Scheme (VRS)?

  1. State Bank of India

  2. Punjab National Bank

  3. Allahabad Bank

  4. United Bank of India

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Punjab National Bank (PNB) was the first public sector bank in India to introduce a Voluntary Retirement Scheme (VRS) for its employees to optimize its workforce.