PSU banks lag MNCs in staff-revenue ratio | india | Hindustan Times
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PSU banks lag MNCs in staff-revenue ratio

india Updated: Dec 29, 2010 23:51 IST

State-run banks lag behind foreign and private sector counterparts when it comes to revenue generation per employee, according to a report by the Boston Consulting Group. State Bank of India (SBI) generated R20 lakh per employee, ICICI Bank R44 lakh and Citi India R127 lakh, the report said.

What is interesting is that none of the domestic banks figure in the top three. StanChart India and HSBC India follow Citi India in the list. The data refer to the fiscal year 2009-10.

SBI, ranked 17th, has over 2 lakh employees as on last fiscal year, while Citi India has just about 7,500, and the best private sector player ICICI has about 35,000.

According to the report, among the domestic banks, Axis Bank is the second-best performer with a per-employee revenue at R41 lakh.

However, the state-run IDBI Bank, which is the youngest amongst the public sector lenders, tops among PSBs with its average revenue generated per employee coming at a good R38 lakh. Among the old-generation PSBs, Oriental Bank of Commerce fares much better than its larger counterpart with an average revenue per employee of R27 lakh.