Public sector banks (PSB) are in dire need of improving employee productivity

IDBI Bank, Bank of Baroda, Corporation Bank are the top Public Sector Banks in terms of Profit Per Employee (PPE) and Business Per Employee (BPE) parameter in Employee productivity in 2011-12, SBI Group is lagging behind.

The Public Sector banks in India needs to wring more efficiency to catch up with the banking industry’s average in terms of Profit Per Employee (PPE) and Business Per Employee (BPE). Only 9 out of 26 Public Sector Banks (PSB) crossed the industry average of Rs 8.1 lakh per employee in 2011-12.

The top five Public Sector Banks (PSB) with above industry average Profit Per Employee (PPE) are:

  • IDBI Bank (Rs 13.20 lakh)
  • Bank of Baroda (Rs 12 lakh)
  • Corporation Bank (Rs 10.90 lakh)
  • Indian Bank (Rs 9.30 lakh)
  • Andhra Bank (Rs 9 lakh)

Among the Public Sector Banks (PSB) with below industry average Profit Per Employee (PPE) are:

  • Central Bank of India (Rs 1.5 lakh)
  • Bank of Maharashtra (Rs 3.1 lakh)
  • Indian Overseas Bank (Rs 3.8 lakh)
  • State Bank of Mysore (Rs 4 lakh)
  • United Bank of India (Rs 4.1 lakh)
  • State Bank of Travancore (Rs 4.2 lakh)

Half of the Public Sector Banks (PSB) are either at par or surpassing the industry average of Rs 11.38 crore per employee in the case of the Business Per Employee (BPE) parameter.

The top five Public Sector Banks (PSB) in terms of Business Per Employee (BPE) are:

  • IDBI Bank (Rs 23.87 crore)
  • Corporation Bank (Rs 17.13 crore)
  • Bank of Baroda (Rs 14.66 crore)
  • Oriental Bank of Commerce (Rs 14.62 crore)
  • Canara Bank (Rs 13.74 crore)

Among the  Public Sector Banks (PSB) with below industry average Business Per Employee (BPE) are:

  • State Bank of India (Rs 7.98 crore)
  • State Bank of Bikaner and Jaipur (Rs 8.27 crore)
  • Central Bank of India (Rs 8.61 crore)
  • State Bank of Mysore (Rs 8.81 crore)
  • Bank of Maharashtra (Rs 9.67 crore)

In a speech in August 2011, Reserve Bank of India (RBI) Governor D Subbarao had emphasised that more effective and enlightened corporate governance of banks can be a vital avenue for improving banking productivity.

One thought on “Public sector banks (PSB) are in dire need of improving employee productivity

  1. Its a good news to the people like me. Hence waiting for your new notifications for interviews.

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