IDBI's employees productivity highest among domestic banks

The employee productivity of state-run IDBI Bank is the highest among all domestic banks in the country in 2008-09, according to a RBI report.

According to RBI data on profile of banks, business per employee (total business of the bank divided by the number of employees) of IDBI Bank stood at Rs 20.30 crore for 2008-09 against the industry average of Rs 7.50 crore for the year.

In terms of profit per employee also (total profit of the bank divided by the number of employees), IDBI has done well. The bank's profit per employee stood at Rs 8.42 lakh, higher than the banking industry average of Rs 5.6 lakh.

However, the bank's wages as a percentage of the total expenses stood at 4.89 per cent against the industry average of 13.52 per cent for 2008-09.

The country's largest lender State Bank of India has not been impressive in terms of employee productivity. The bank's business per employee stood at Rs 5.56 crore for 2008-09, which is way below the industry average.

SBI's wages as percentage of total expenses, however, stood at 16.64 per cent against the industry average of 13.52 per cent for 2008-09.

The business per employee of Canara Bank stood at Rs 7.80 crore, Bank of Baroda at Rs 9.14 crore, Bank of India at Rs 8.33 crore and Union Bank at Rs 6.94 crore for 2008-09.

The country's private lenders have fared well in the category, with the business per employee of ICICI Bank and Axis Bank being at Rs 11.54 crore and Rs 10.60 crore, respectively, in the last fiscal.

Even the foreign banks' employee productivity is higher than the industry average, with Citibank, HSBC, Standard Chartered Bank and Barclays business per employee at Rs 18.80 crore, Rs 9.61 crore, Rs 9.71 crore and Rs 11.10 crore, respectively.

According to RBI data, SBI's profit per employee was at Rs 4.74 lakh for 2008-09, below the banking industry average of Rs 5.6 lakh.

Other major state-run lenders have fared well in terms of profit per employee. Bank of Baroda's profit per employee stood at 6.05 lakh while Punjab National Bank's employee productivity at Rs 5.64 lakh for 2008-09.

The performance of Central Bank of India, UCO Bank and United Bank, however, was not good in the last fiscal.

In the foreign bank category, each employee of Standard Chartered Bank, Citibank and HSBC contributed Rs 23.82 lakh, Rs 45.12 lakh and Rs 16.06 lakh respectively to the bank's profit in 2008-09.

Among private lenders, ICICI Bank's profit per employee stood at Rs 11 lakh, while that of HDFC Bank was below the industry average at Rs 4.18 lakh.