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Which PSU banks have the best employees?

Last updated on: September 27, 2010 10:14 IST

Which PSU banks have the best employees?

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Rank 1: Corporation Bank

According to a Reserve Bank of India report, 'Profile of Banks for 2009-10', the employee productivity of Corporation Bank is the highest among nationalised banks.

The RBI study ranks all public sector banks on the basis to employee productivity. Private banks too have fared well in this category, with the profit per employee of Axis Bank and ICICI Bank high at Rs 12 lakh each in the last fiscal. The profit generated by each employee of private sector bank stood at Rs 7.19 lakh in 2009-10.

Foreign banks, which are regulated by RBI, are way ahead when it comes to employee productivity. The profit per employee of these banks stood at Rs 17.09 lakh last fiscal.

Corporation Bank's profit per employee was Rs 952,000 in 2009-10.

The profit per employee of public sector banks on an average stood at Rs 534,000 in 2009-10. The industry average stood at Rs 605,000 in the last fiscal, according to a Reserve Bank of India report. The bank spent 9. 96 per cent of its total expenses on salaries.

No. of offices: 1,124

No. of employees: 13,124

Business per employee (in Rs lakh): 1,269

Capital and Reserves & surplus: Rs 5,775 crore

Deposits: Rs 92,734 crore

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Image: Corporation Bank.

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Rank 2: IDBI

The bank's profit per employee was Rs 844,000 in 2009-10 while it spends 5.10 per cent of the total expenses as salaries to employees.

No. of offices: 705

No. of employees: 12,212

Business per employee (in Rs lakh): 2,417.42

Capital and Reserves & surplus: Rs 10,165 crore

Deposits: Rs 167,667 crore

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Image: IDBI.

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Rank 3: Indian Bank

The bank's profit per employee was Rs 7,92,000 in 2009-10. It spent 19.30 per cent of its total expenses on employee wages.

No. of offices: 1,762

No. of employees: 19,641

Business per employee (in Rs lakh): 761

Capital and Reserves & surplus: Rs 8,272 crore

Deposits: Rs 88,228 crore

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Image: Indian Bank.

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Rank 4: Union Bank of India

The bank's profit per employee was Rs 7,47,000 in 2009-10. It spent 11.60 per cent of its total expenses per cent on employee wages.

No. of offices: 2,926

No. of employees: 29,419

Business per employee (in Rs lakh): 853

Capital and Reserves & surplus: Rs 10,424 crore

Deposits: Rs 17,0040 crore

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Image: Union Bank of India.

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Rank 5: Oriental Bank of Commerce

The bank's profit per employee was Rs 7,39,000 in 2009-10. It spent 10.75 per cent of its total expenses per cent on employee wages.

No. of offices: 1,559

No. of employees: 15,358

Business per employee (in Rs lakh): 1,331.17

Capital and Reserves & surplus: Rs 8,238 crore

Deposits: Rs 12, 0258 crore

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Image: Oriental Bank of Commerce.

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Rank 6: Canara Bank

The bank's profit per employee was Rs 7,35,000 in 2009-10. It spent 13.26% of its total expenses per cent on employee wages.

No. of offices: 3,135

No. of employees:43,380

Business per employee (in Rs lakh): 982.58

Capital and Reserves & surplus: Rs 14,672 crore

Deposits: Rs 23,4651 crore

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Image: Canara Bank.

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Rank 7: Andhra Bank

The bank's profit per employee was Rs 732,000 in 2009-10. It spent 14.91 per cent of its total expenses per cent on employee wages.

No. of offices: 1,586

No. of employees: 14,292

Business per employee (in Rs lakh): 938.94

Capital and Reserves & surplus: Rs 4,410 crore

Deposits: Rs 77,688 crore

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Rank 8: Punjab National Bank

The bank's profit per employee was Rs 7,31,000 in 2009-10. It spent 14.91 per cent of its total expenses per cent on employee wages.

No. of offices: 4,971

No. of employees:53,417

Business per employee (in Rs lakh): 807.95

Capital and Reserves & surplus: Rs 17,723 crore

Deposits: Rs 249,330 crore

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Image: Punjab National Bank.

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Rank 9: Punjab & Sind Bank

The bank's profit per employee was Rs 6,00,000 in 2009-10. It spent 15.27 per cent of its total expenses per cent on employee wages.

No. of offices: 897

No. of employees: 8,259

Business per employee (in Rs lakh): 963

Capital and Reserves & surplus: Rs 2,616 crore

Deposits: Rs 49,155 crore

Rank 9: State Bank of Travancore (also ranked 9th)

The bank's profit per employee was Rs 6,00,000 in 2009-10. It spent 13.8 per cent of its total expenses per cent on employee wages.

No. of offices: 780

No. of employees: 12,192

Business per employee (in Rs lakh): 696

Capital and Reserves & surplus: Rs 2,841 crore

Deposits: Rs 50,863 crore

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Rank 10: Allahabad Bank

The bank's profit per employee was Rs 5,76,000 in 2009-10. It spent 13.79 per cent of its total expenses per cent on employee wages.

No. of offices: 2,231

No. of employees: 20,959

Business per employee (in Rs lakh): 845

Capital and Reserves & surplus: Rs 6,753 crore

Deposits: Rs 10,6056 crore

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Rank 11: State Bank of Hyderabad

The bank's profit per employee was Rs 558,000 in 2009-10. It spent 11.05 per cent of its total expenses per cent on employee wages.

No. of offices: 1,162

No. of employees: 13,597

Business per employee (in Rs lakh): 755.62

Capital and Reserves & surplus: Rs 4,264 crore

Deposits: Rs 72,971 crore. . .

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Image: State Bank of Hyderabad.

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Rank 12: Dena Bank

The bank's profit per employee was Rs 486,000 in 2009-10. It spent 13.6 per cent of its total expenses per cent on employee wages.

No. of offices: 1,164

No. of employees: 10,525

Business per employee (in Rs lakh): 827

Capital and Reserves & surplus: Rs 2,602 crore

Deposits: Rs 51,344 crore

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Rank 13: State Bank of Indore

The bank's profit per employee was Rs 483,000 in 2009-10. It spent 10.63 per cent of its total expenses per cent on employee wages.

No. of offices: 510

No. of employees: 6,368

Business per employee (in Rs lakh): 763.51

Capital and Reserves & surplus: Rs 1,842 crore

Deposits: Rs 30,624 crore

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Image: State Bank of Indore.

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Rank 14: Vijaya Bank

The bank's profit per employee was Rs 450,000 in 2009-10. It spent 14.63 per cent of its total expenses per cent on employee wages.

No. of offices: 1,226

No. of employees: 11,565

Business per employee (in Rs lakh): 836

Capital and Reserves & surplus: Rs 3,475 crore

Deposits: Rs 61,932 crore

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Rank 15: State Bank of India

The bank's profit per employee was Rs 4,46,000 in 2009-10. It spent 18.86 per cent of its total expenses per cent on employee wages.

No. of offices: 13039

No. of employees: 20,0299

Business per employee (in Rs lakh): 636

Capital and Reserves & surplus: Rs 65,949 crore

Deposits: Rs 8,04,116 crore

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Rank 16: State Bank of Patiala

The bank's profit per employee was Rs 4,45,000 in 2009-10. It spent 9.37 per cent of its total expenses per cent on employee wages.

No. of offices: 937

No. of employees: 12409

Business per employee (in Rs lakh): 895.21

Capital and Reserves & surplus: Rs 3747 crore

Deposits: Rs 64,552 crore

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Rank 17: UCO Bank

The bank's profit per employee was Rs 4,43,000 in 2009-10. It spent 12.04 per cent of its total expenses per cent on employee wages.

No. of offices: 2180

No. of employees: 23370

Business per employee (in Rs lakh): 901

Capital and Reserves & surplus: Rs 5,211 crore

Deposits: Rs 1,22,416 crore

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Rank 18:  State Bank of Mysore

The bank's profit per employee was Rs 4,41,000 in 2009-10. It spent 13.73 per cent of its total expenses per cent on employee wages.

No. of offices: 734

No. of employees: 10111

Business per employee (in Rs lakh): 672

Capital and Reserves & surplus: Rs 2665 crore

Deposits: Rs 38,880 crore

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Rank 19: Bank of India

The bank's profit per employee was Rs 4,39,000 in 2009-10. It spent 14.54 per cent of its total expenses per cent on employee wages.

No. of offices: 3165

No. of employees: 39202

Business per employee (in Rs lakh): 1011

Capital and Reserves & surplus: Rs 14230 crore

Deposits: Rs 22,9762

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Rank 20: State Bank of Bikaner & Jaipur

The bank's profit per employee was Rs 3,96,000 in 2009-10. It spent 13.73 per cent of its total expenses per cent on employee wages.

No. of offices: 952

No. of employees: 12356

Business per employee (in Rs lakh): 627.67

Capital and Reserves & surplus: Rs 2,417 crore

Deposits: Rs 46,059 crore

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Image: State Bank of Bikaner and Jaipur.

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Rank 21: Central Bank of India

The bank's profit per employee was Rs 3,30,000 in 2009-10. It spent 13.15 per cent of its total expenses per cent on employee wages.

No. of offices: 3702

No. of employees: 32140

Business per employee (in Rs lakh): 711

Capital and Reserves & surplus: Rs 7,692

Deposits: Rs 1,62,107 crore

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Rank 22: Bank of Maharashtra

The bank's profit per employee was Rs 3,21,000 in 2009-10. It spent 14.53 per cent of its total expenses per cent on employee wages.

No. of offices: 1495

No. of employees: 13673

Business per employee (in Rs lakh): 762

Capital and Reserves & surplus: Rs 2,858 crore

Deposits: Rs 63,304


Image: Bank of Maharashtra.

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Rank 23: Syndicate Bank

The bank's profit per employee was Rs 3,18,000 in 2009-10. It spent 14.32 per cent of its total expenses per cent on employee wages.

No. of offices: 2426

No. of employees: 25569

Business per employee (in Rs lakh): 746.84

Capital and Reserves & surplus: Rs 5627 crore

Deposits: Rs 117026

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Rank 24: Indian Overseas Bank

The bank's profit per employee was Rs 2,63,000  in 2009-10. It spent 18.18 per cent of its total expenses per cent on employee wages.

No. of offices: 2089

No. of employees: 26892

Business per employee (in Rs lakh): 712

Capital and Reserves & surplus: Rs 7,525 crore

Deposits: Rs 11,0795

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Rank 25: United Bank of India

The bank's profit per employee was Rs 2,11,000 in 2009-10. It spent 13.43 per cent of its total expenses per cent on employee wages.

No. of offices: 1562

No. of employees: 15285

Business per employee (in Rs lakh): 714

Capital and Reserves & surplus: Rs 3,903

Deposits: Rs 6,8180 crore

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Rank 26: Bank of Baroda

Bank of Baroda ranks the lowest in employee productivity, although the bank spends more than the industry average on employees.

Wages as a percentage of the total expenses of Bank of Baroda is 16.14 per cent against the banking industry average of 14.83 per cent. The bank's profit per employee was Rs 8,000 in 2009-10

No. of offices: 3088

No. of employees: 38960

Business per employee (in Rs lakh): 9.81

Capital and Reserves & surplus: Rs 15106 crore

Deposits: Rs 2,41,044 crore

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