India’s largest Public Sector Lender State Bank of India may soon implement ‘work from anywhere’ policy for its employees, sated Chairman Rajnish Kumar in a written communique to the stakeholders.
With the outbreak of Covid-19 pandemic, businesses across the world are forced to send their employees to “Work from Home” mode.
In the wake of this crisis situation, SBI, with almost 2.5 lakh employees, is now upgrading its work from home policy to a “work from anywhere” policy.
In his communication to the shareholders, State Bank of India’s Chairman Rajnish Kumar wrote: “Productivity tools and technology are in already place to perform administrative work remotely.”
Kumar further added that “Work From Anywhere” (WFA) policy would be beneficial in reducing commute time for the bank’s staff, which can be used for offering better services to customers as well as ensuring better work-life balance.
SBI has already launched its work from anywhere policy around its 19 foreign offices, and India operations will be introduced soon. Kumar said this new policy is likely to “Bring down the operational cost for the lender, apart from ensuring better motivation and productivity for the employees.”