HSBC makes separation sweet, offers Rs 10-35 lakh

 HSBC India kicked off its second voluntary retirement scheme (VRS) for banking assistants and non-clerical staff on Monday.

 The scheme is open to those who have either completed 10 years of service or attained the age of 40.

 Based on these eligibility criteria, as many as 50 per cent of the 1,600 staff at these levels qualify.

 Industry sources said the bank is looking at bringing down the average age profile of its staff to less than 40 years.

 Employees are being offered 10-year pay based on their gross salary against most banks