Public sector and foreign banks have scored over private sector banks when it comes to employee performance. Even as employee strength more than doubled in the private sector banks, the performance has either dipped or remained unchanged.
The business per employee group average for public sector banks (PSBs), excluding State Bank of India, for 2005-06 stood at Rs 3.88 crore, according to the Reserve Bank of India’s publication 'Profile of Banks, 2005-06'. In public sector banks like Allahabad Bank, Bank of India and Punjab National Bank the business per employee figure is lower than the group average.
However, on a year-on-year basis, the performance levels of all public sector banks employees improved drastically even as the number of employees for majority of the banks dipped. The advances portfolio of most PSBs on an average has grown in the range of 20-30%.
Oriental Bank of Commerce (OBC) employees are clearly ahead of their peers in the PSB group with business per employee at Rs 5.7 crore. Close on its heels is Corporation Bank with business per employee at Rs 5.27 crore.
IDBI has the highest business per employee of Rs 17.18 crore. However, analysts say it is not strictly comparable with other public sector banks as IDBI's business is largely focussed on corporates.
Its employee strength is also not comparable with other PSBs. IDBI has 4,548 employees as against its peers which normally have over 15,000.
"The economy has been on an upturn and banks' business, both retail and corporate, is growing. This has contributed to a rise in the business per employee figure,"said a general manager, human resource, of a public sector bank.
"Majority of the public sector banks have redeployed officers to increase their marketing force to beat competition. Additionally, the increased focus on employee training to adapt to changing consumer behaviour have also enabled enhance employee performance,"official added.
For SBI and its associates, business per employee group average is Rs 3.37 crore, while for SBI it is Rs 2.99 crore in 2005-06 against Rs 2.43 crore in 2004-05
Its employee strength has decreased to 1,98,774 employees from 2,05,515 employees, said the RBI report.
ICICI Bank's business per employee has increased marginally to Rs 9.05 crore in 2005-06 from Rs 8.8 crore in the previous year.
While HDFC Bank has seen a dip in employee business to Rs 7.58 crore in 2005-06 against Rs 8.06 crore in 2004-05.
However, ICICI Bank is recruiting aggressively to build new business lines including rural, international, wealth management and trade. It is also building a strong data analytics team.
In 2005-06, ICICI Bank's employee strength increased by almost 41% to 25,479 employees (18,029 employees). While that of HDFC Bank went up to 14,878 employees (9030 employees). The advances portfolio of ICICI Bank and HDFC Bank increased by around 60% to Rs 1,46,163 crore and by 37% to Rs 35,061 crore.
ICICI Bank and HDFC Bank are strictly not comparable as they pursue different business strategies and business lines. For instance ICICI Bank is a dominant player in the home loan market while HDFC Bank is not into home loans. It only markets the home loan products of its parent HDFC. ICICI Bank also has a huge international business, while HDFC Bank has limited operations overseas.
K Ramkumar, senior GM (HR), ICICI Bank, said, "ICICI Bank is investing in manpower to build new business lines like rural, international, analytics, trade finance, wealth management and small & medium enterprises. The bank is on a major recruitment spree and has added over 6,000 employees to build these new business lines. These new recruits are investments which will pay off on a later date."
Among the foreign banks Citibank employees took a lead with a business per employee figure of Rs 16.07 crore which is higher than the group average of Rs 10.06 crore. HSBC employees came second with a business per employee figure of Rs 9.75 crore.
http://timesofindia.indiatimes.com/articleshow/2015465.cms
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The business per employee group average for public sector banks (PSBs), excluding State Bank of India, for 2005-06 stood at Rs 3.88 crore, according to the Reserve Bank of India’s publication 'Profile of Banks, 2005-06'. In public sector banks like Allahabad Bank, Bank of India and Punjab National Bank the business per employee figure is lower than the group average.
However, on a year-on-year basis, the performance levels of all public sector banks employees improved drastically even as the number of employees for majority of the banks dipped. The advances portfolio of most PSBs on an average has grown in the range of 20-30%.
Oriental Bank of Commerce (OBC) employees are clearly ahead of their peers in the PSB group with business per employee at Rs 5.7 crore. Close on its heels is Corporation Bank with business per employee at Rs 5.27 crore.
IDBI has the highest business per employee of Rs 17.18 crore. However, analysts say it is not strictly comparable with other public sector banks as IDBI's business is largely focussed on corporates.
Its employee strength is also not comparable with other PSBs. IDBI has 4,548 employees as against its peers which normally have over 15,000.
"The economy has been on an upturn and banks' business, both retail and corporate, is growing. This has contributed to a rise in the business per employee figure,"said a general manager, human resource, of a public sector bank.
"Majority of the public sector banks have redeployed officers to increase their marketing force to beat competition. Additionally, the increased focus on employee training to adapt to changing consumer behaviour have also enabled enhance employee performance,"official added.
For SBI and its associates, business per employee group average is Rs 3.37 crore, while for SBI it is Rs 2.99 crore in 2005-06 against Rs 2.43 crore in 2004-05
Its employee strength has decreased to 1,98,774 employees from 2,05,515 employees, said the RBI report.
ICICI Bank's business per employee has increased marginally to Rs 9.05 crore in 2005-06 from Rs 8.8 crore in the previous year.
While HDFC Bank has seen a dip in employee business to Rs 7.58 crore in 2005-06 against Rs 8.06 crore in 2004-05.
However, ICICI Bank is recruiting aggressively to build new business lines including rural, international, wealth management and trade. It is also building a strong data analytics team.
In 2005-06, ICICI Bank's employee strength increased by almost 41% to 25,479 employees (18,029 employees). While that of HDFC Bank went up to 14,878 employees (9030 employees). The advances portfolio of ICICI Bank and HDFC Bank increased by around 60% to Rs 1,46,163 crore and by 37% to Rs 35,061 crore.
ICICI Bank and HDFC Bank are strictly not comparable as they pursue different business strategies and business lines. For instance ICICI Bank is a dominant player in the home loan market while HDFC Bank is not into home loans. It only markets the home loan products of its parent HDFC. ICICI Bank also has a huge international business, while HDFC Bank has limited operations overseas.
K Ramkumar, senior GM (HR), ICICI Bank, said, "ICICI Bank is investing in manpower to build new business lines like rural, international, analytics, trade finance, wealth management and small & medium enterprises. The bank is on a major recruitment spree and has added over 6,000 employees to build these new business lines. These new recruits are investments which will pay off on a later date."
Among the foreign banks Citibank employees took a lead with a business per employee figure of Rs 16.07 crore which is higher than the group average of Rs 10.06 crore. HSBC employees came second with a business per employee figure of Rs 9.75 crore.
http://timesofindia.indiatimes.com/articleshow/2015465.cms
:SugarwareZ-229: