Employee Productivity On The Rise

The banking sector reforms have started yielding results as far the employee productivity is concerned. The deposit per employee in the domestic banking sector has gone up from Rs 28.27 lakh per employee in 1991-92 to Rs 47.31 lakh per employee by 1995-96. The advances per employee, too, have gone up from Rs 17.06 lakh to Rs 26.09 lakh in 1995-96. The deposit per employee and advances per employee at the State Bank of India (SBI) stood at Rs 41.37 lakh and Rs 25.68 lakh respectively at the end of 1995-96. The total staff strength of all the 91 banks has gone up form 9,29,754 in 1991-92 to 9,67,279 in 1995-96. The staff strength of new private sector banks stood at 1620 in 1995-96 while that of the foreign banks was 13,518. ANZ Grindlays was the foreign bank with the largest staff strength followed by Standard Chartered Bank and Hongkong Bank.

Among the public sector banks, the largest employer was SBI with 2,33,000 while its seven associate banks employed 81,252 personnel.

Among nationalised banks, Oriental Bank of Commerce had the highest advances per employee at Rs 35.59 lakh as well as the highest deposits per employee at Rs 66.35 lakh.