\nThis ranking is despite the fact that SBI employees\u2019 wages as a percentage of the total expenses of the bank are higher than the industry average. As a percentage of the total expenses, SBI wages stand at 17.5 per cent against the industry average of 14 per cent for the year 2007-08, an RBI report said.
\nAccording to the RBI data on profile of banks, business per employee of SBI stands at Rs 4.56 crore for the year 2007-08, much below the average business per employee for other banks at Rs 6.34 crore lakh.
\nPrivate banks have fared well in this category, with the business per employee of Axis Bank and ICICI Bank high at Rs 11.17 crore and Rs 10.08 crore. HDFC Bank\u2019s figure was lower than the average at Rs 5.06 crore.
\nOther nationalised banks such as Canara Bank, Union Bank of India, United Bank of India and Bank of India were still ahead of SBI.
\nAverage business per employee for all nationalised banks was also above SBI at Rs 6.18 crore, the report revealed.
\nForeign banks were the leaders in the segment with Citibank, HSBC, Standard Chartered Bank and Barclays Bank business per employee at Rs 17.63 crore, Rs 10.12 crore, Rs 8.26 crore and Rs 9.42 crore respectively.
\nEven while productivity was low, profit per employee also suffered.
\nSBI\u2019s profit per employee (total profit of the bank divided by the number of employees) is Rs 3.73 lakh for the year 2007-08, below the average of all banks of Rs 4.67 lakh.
\nPrivate banks such as Axis Bank, ICICI Bank and HDFC Bank are way ahead with Rs 8.39 lakh, Rs 10 lakh and Rs 4.97 lakh respectively. Among nationalised banks, Union Bank of India and Bank of India fared well with Rs 5.39 and Rs 4.95 lakh of profit per employee.
\nIn the foreign bank category, each employee of Bank of America, Barclays, Citibank and HSBC contributed Rs 102 lakh, Rs 50 lakh, Rs 37 lakh and Rs 16.7 lakh respectively to the bank\u2019s profit in the financial year 2007-08.<\/p>\n","protected":false},"excerpt":{"rendered":"