After the associated banks have been merged with it, SBI has started VRS for thousands of  employees. About 450 temporary/ casual employees of the former State Bank of Travancore has already been retrenched.  Afraid of retrenchment, many officials are opting for VRS, which really is CRS (Compulsory Retirement Scheme).

The retrenched employees have demanded fr their reinstatement and some of them have already started agitational programmes.