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MONDAY, NOVEMBER 23, 2009

Mumbai: State Bank of India’s employee productivity stood at Rs5.56 crore for 2008-09, below the industry average of Rs7.50 crore for the year, a RBI report said.

However, the country’s largest lender’s wages as percentage of total expenses stood at 16.64% against the industry average of 13.52% for 2008-09.

According to the RBI data on profile of banks, business per employee (total business of the bank divided by the number of employees) of IDBI Bank stood at Rs20.30 crore and that of Punjab National Bank at Rs6.54 crore.

The business per employee of Canara Bank stood at Rs7.80 crore, Bank of Baroda at Rs9.14 crore, Bank of India at Rs8.33 crore and Union Bank at Rs6.94 crore for 2008-09.

The country’s private lenders have fared well in the category, with the business per employee of ICICI Bank and Axis Bank being at Rs11.54 crore and Rs10.60 crore, respectively for the last fiscal.

Even the foreign banks’ employee productivity is higher than the industry average, with Citibank, HSBC, Standard Chartered Bank and Barclays business per employee at Rs18.80 crore, Rs9.61 crore, Rs9.71 crore and Rs11.10 crore, respectively.

Among private lenders, ICICI Bank’s profit per employee stood at Rs 11 lakh, while that of HDFC Bank was below average at Rs 4.18 lakh.

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RAJ Said:


THE WORST BANKING SYSTEM I HAVE SEEN IS STATE BANK OF INDIA ,ALL THE BRANCHES ,ALL THE EMPLOYEES I HAVE TALKED AND DISCUSSED ,I CAN WRITE A HAEAVY BOOK ON IT ,SO DISGUSTING ,IRRELEVANT ,UNETHICAL,UNLOGICAL ,YOU NAME IT .I DID DISCUSS THIS THING TO ONE MANAGER IN FLUSHING BRANCH LONG AGO AND HE KEPT MUM,HE HAD NO ANSWER.VERY RECENTLT I VISITED INDIA AND I TRIED TO CLOSE MY ONE A/C WHICH TOOK SEVERAL DAYS ,TILL NOW I HAVE NOT RECEIVED THE MONEY FROM THEM THOUGH I HAD SIGNED AND GAVE MY FIX DEPOSIT NOTE AND AUTHORIZATION LETTER TO SEND THE MENOEY TO MY CHECKING A/C IN NEW YORK AS THEY SAID THEY CAN NOT GIVE CASH AND MUST TRANSFER TO MY CHECKING A/C.NOT EVEN THEY COULD GIVE ME ANY DRAFT ETC. IN MY NAME ,I DO NOT KNOW WHY. I WAS THERE IN SBI ,ASANSOL, WEST BENGAL FROM 13 TO 18 AUGUST 09 AND COULD NOT BE CASHED OR CLOSED MY FIX DEP A/C. TILL TODAY THOUGH IHAVE GIVEN EVERYTHING ,THEY DID NOT GIVE ME ANY RECEIPT OF THE DOCUMENT I GAVE THEM. I AM STILL WAITING TO GET THE MONEY CLOSE TO $16000.00 nearly one month. I HAVE SEVERAL A/C IN DIFFERENT S.B.I. BRANCHES AND CITY LIKE NEW DELHI, MUMBAI,ASANSOL EVERYWHERE I HAVE WORST EXPERIENCE. VERY UNETHICAL AND UNLOGICAL TALK THEY DO . ONE TIME ONE PERSON SAID THEY DO NOT NEED MORE BUSINESS THEY HAVE ENOUGH ,THEY DO NOT CARE.CAN YOU DO SOMETHING TO GET MY MONEY TRANSFER AS SOON AS POSSIBLE FROM ASANSOL BRANCH TO N.Y. CH.A/C. FURNISHED IN DETAIL TO THEM

Posted On 9/9/2009 9:23:55 PM