The largest lender of the country, State Bank of India has an employee count of over 2 lakhs but this huge workforce seems to be ineffective in bringing business. The RBI data on profile of banks 2009-10 has ranked the bank staff at the bottom of the pyramid in this regard.
As compared to the industry average of Rs 8.73 crore, the average business brought by each employee of SBI was Rs 6.36 crore.
The wages of the employees however counted for 18.86% of the total expenses of the bank as against the industry average of 14.83% last fiscal.
State Bank of Bikaner and Jaipur is the only associate bank of SBI whose business per employee is below the banking major.
Punjab National Bank''s business generated by each employee was Rs 8.07 crore, while Canara Bank''s individual staff contribution to the business was Rs 9.82 crore.
Each employee of State Bank of Hyderabad generated business of Rs 7.55 crore, State Bank of Mysore Rs 6.72 crore, State Bank of Indore Rs 7.63 crore and State Bank of Travancore Rs 6.96 crore.