SBI employees rank bottom among PSBs in bringing business: RBI
Country’s largest lender State Bank of India has over 2 lakh employees but when it comes to bringing business, the staff is ranked bottom among the public sector banks, according to the RBI data on profile of banks 2009-10.
As per the data, average business brought by each employee of SBI stood at Rs 6.36 crore, against the industry average of Rs 8.73 crore.
However, their wages accounted for 18.86 per cent of the bank’s total expenses, while the industry average was 14.83 per cent last fiscal.
The only state-run bank whose business per employee is below SBI is its associate State Bank of Bikaner and Jaipur.
The business generated by each employee of the bank was Rs 6.27 crore in 2009-10.
In comparison, Punjab National Bank’s business generated by each employee was Rs 8.07 crore, while Canara Bank’s individual staff contribution to the business was Rs 9.82 crore.
Similarly, Bank of Baroda’s employees generated a revenue of Rs 9.81 crore each.
However, SBI and its associate’s banks have fared badly in the ranking.
Each employee of State Bank of Hyderabad generated business of Rs 7.55 crore, State Bank of Mysore Rs 6.72 crore, State Bank of Indore Rs 7.63 crore and State Bank of Travancore Rs 6.96 crore.
Among the private sector lenders, the business per employee of ICICI Bank stood at Rs 10.29 crore, while Axis Bank’s each employee generated business of Rs 11.11 crore.
In contrast, the individual business contribution by HDFC Bank employees was Rs 5.90 crore in 2009-10.
Among the foreign lenders, each employee of Citi generated business worth Rs 19.79 crore, while HSBC’s per employee contribution was Rs 11.35 crore business in 2009-10.
Source: DDI News