“SBI has sought permission from the finance ministry to offer up to 3% of annual profit to employees. We need to ensure that we are able to remunerate our people better,” SBI chairperson Arundhati Bhattacharya said.
According to report, the bank is also considering a share-purchase scheme for all employees, irrespective of their posts. SBI expects to raise between Rs. 800-1,200 crore through the scheme.