State Bank of India

SBI ranks low in employee productivity--RBI

Posted by : sambala

SBI moves up in global ranking
Financial Express

Friday, October 03, 2008

Even as the world financial markets have seen either the total disappearance or the loss of positions of top banks and financial institutions due to ongoing subprime crisis, it is now time for the Indian state owned banks and financial institutions to scale heights in global markets. State Bank of India, the country`s largest bank and GIC Re, the sole official reinsurer, have improved their global rankings. SBI with over Rs 7 lakh crore assets has improved its ranking from 70th to 57th position, according to the latest annual top 1,000 bank list prepared by the UK based leading banking publication The Banker. Also in the latest list of top 40 global reinsurers prepared by the prominent rating agency, Standard & Poor`s, GIC Re with assets over Rs 36,000 crore, has moved up from 22nd to 16th position. The global list is prepared on the basis of global premium earned by the reinsurers. GIC Re which has emerged as the leading reinsurer in the Afro-Asia region has improved its ranking over Japanese reinsurance majors like Mitsui Sumitomo , Sompo Japan Insurance and now has aggressive plans to expand into different parts of the world. `Our international business contributes 27 % to our revenues and we expect growing it to 50% in next five years ,` said Yogesh Lohiya, chairman & managing director, GIC Re. The company`s total premium in 2007-08r was Rs 9,300 crore. However in the list of top 1000 banks, ICICI Bank , country`s second largest commercial bank has fallen by three notches from 147th to 150th. during 2007-08. Similarly state owned Bank of Baroda, has fallen by 21 notches to 280 from 259th position during the same period. HDFC Bank, after the merger with Centurion Babnk of Punjab, has moved up hugely from 336th to 219th postion. The other bank which have moved up in the rankings ladder are Punjab National Bank (250, 255), Oriental Bank of Commerce ( 348, 378), Bank of India (373, 411), Union Bank of India (431, 496), Corporation Bank(498, 507). Together there are 22 Indian banks which have been featured in the top 1,000 banking list . The 1,000 global banking rankings are based on the definition of Tier 1 capital as defined by Basel`s Bank for International Settlement (BIS). The object of the survey is to show the bank`s soundness in relation to the Basel requirement of a minimum Tier 1 capital on risk weighted assets of 4% and minimum ratio of capital to risk weighted assets of 8%.

SBI ranks low in employee productivity--RBI

Posted by : avi8989

Accha......That is okay.....You are always welcome to open a account in icici. It would be really great......Your money will always be safe and SECURE. It will never close down......

SBI ranks low in employee productivity--RBI

Posted by : Leave it.

To radhika nandlal

When I posted the message, I just imagined how will it be functioning if all the subsidiaries are merged as desired by our F.M and his ministerial colleagues ?. Would you please just share your randam thoughts if that so happens?.

I showed the news item here in US to some friends. They all say one thing in common. "my mother is always telling that father has gone to the bank (SBI ) and you can dial tomorrow by this time to know the matter"--because of time difference.

But all are ready to subscribe, if the news that the GOI is to collect foreign currency deposits is correct, ofcourse through St.bk. of India and to place our deposits through them.

v.krishnamoorthy
Folsom/USA

SBI ranks low in employee productivity--RBI

Posted by : radhika_nandlal

SBI is a terrible customer oriented bank and most PSU banks are terrible. Had i been the PM ,i would have appointed spying agents to check on customer interaction in these banks.

Horrible bank. The attitude of govt employees in India is like that of Hitler.

SBI ranks low in employee productivity--RBI

Posted by : radhika_nandlal

Simmam,

Excellent post.

I request everyone to rate simmam`s post so the kotak gang can NEVER erase the message from the front page.... besides its important for some statebank employed boarder to see this message and pass it on to his colleagues. I request all those having accounts with state bank to send a copy of all messages in this thread to state bank executives.

SBI ranks low in employee productivity--RBI

Posted by : sambala

SBI moves up in global ranking
Financial Express

Friday, October 03, 2008

Even as the world financial markets have seen either the total disappearance or the loss of positions of top banks and financial institutions due to ongoing subprime crisis, it is now time for the Indian state owned banks and financial institutions to scale heights in global markets. State Bank of India, the country`s largest bank and GIC Re, the sole official reinsurer, have improved their global rankings. SBI with over Rs 7 lakh crore assets has improved its ranking from 70th to 57th position, according to the latest annual top 1,000 bank list prepared by the UK based leading banking publication The Banker. Also in the latest list of top 40 global reinsurers prepared by the prominent rating agency, Standard & Poor`s, GIC Re with assets over Rs 36,000 crore, has moved up from 22nd to 16th position. The global list is prepared on the basis of global premium earned by the reinsurers. GIC Re which has emerged as the leading reinsurer in the Afro-Asia region has improved its ranking over Japanese reinsurance majors like Mitsui Sumitomo , Sompo Japan Insurance and now has aggressive plans to expand into different parts of the world. `Our international business contributes 27 % to our revenues and we expect growing it to 50% in next five years ,` said Yogesh Lohiya, chairman & managing director, GIC Re. The company`s total premium in 2007-08r was Rs 9,300 crore. However in the list of top 1000 banks, ICICI Bank , country`s second largest commercial bank has fallen by three notches from 147th to 150th. during 2007-08. Similarly state owned Bank of Baroda, has fallen by 21 notches to 280 from 259th position during the same period. HDFC Bank, after the merger with Centurion Babnk of Punjab, has moved up hugely from 336th to 219th postion. The other bank which have moved up in the rankings ladder are Punjab National Bank (250, 255), Oriental Bank of Commerce ( 348, 378), Bank of India (373, 411), Union Bank of India (431, 496), Corporation Bank(498, 507). Together there are 22 Indian banks which have been featured in the top 1,000 banking list . The 1,000 global banking rankings are based on the definition of Tier 1 capital as defined by Basel`s Bank for International Settlement (BIS). The object of the survey is to show the bank`s soundness in relation to the Basel requirement of a minimum Tier 1 capital on risk weighted assets of 4% and minimum ratio of capital to risk weighted assets of 8%.

SBI ranks low in employee productivity--RBI

Posted by : radhika_nandlal

SBI is a terrible customer oriented bank and most PSU banks are terrible. Had i been the PM ,i would have appointed spying agents to check on customer interaction in these banks.

Horrible bank. The attitude of govt employees in India is like that of Hitler.

SBI ranks low in employee productivity--RBI

Posted by : simmam

No surprise on this, just visit any SBI Bank Branch and even a Kid will say how pathetic their service is. Except very few employees, almost all are so lethargic, irresponsible, sluggish, customer aversive ... Except for retired jobless people no one can utilize their service. Why not this bank chuck out all these waste resources. This itself will increase the efficiency of this bank and make its service usable by the public.

Better this Bank put online Performance Tracking system and link their salary to their efficiency will Sure filter out all these waste chunk employees and increase the Profit Ratio of the Bank

Sub Basic Index (SBI) Bank in Efficiency

SBI ranks low in employee productivity--RBI

Posted by : vkk43

I fully agree with your views. Their service level is so pathetic that u do not want to visit their bank again. U will not find many people on their seats, u just wait and wait. They will come and do their work in their own manner, even for a 1 minute work, they may take 5 minutes. Few employees are only Officers who are a little sincere otherwise at the level of clerks, almost all are same.

SBI ranks low in employee productivity--RBI

Posted by : simmam

No surprise on this, just visit any SBI Bank Branch and even a Kid will say how pathetic their service is. Except very few employees, almost all are so lethargic, irresponsible, sluggish, customer aversive ... Except for retired jobless people no one can utilize their service. Why not this bank chuck out all these waste resources. This itself will increase the efficiency of this bank and make its service usable by the public.

Better this Bank put online Performance Tracking system and link their salary to their efficiency will Sure filter out all these waste chunk employees and increase the Profit Ratio of the Bank

Sub Basic Index (SBI) Bank in Efficiency

SBI ranks low in employee productivity--RBI

Posted by : Leave it.

SBI ranks low in employee productivity: RBI--
Press Trust of India / Mumbai October 9, 2008, 18:27 IST

State Bank of India (SBI) may be the largest bank of the country in terms of capital reserve, but in terms of employee productivity, it ranks abysmally low, especially when compared with the private banks, says RBI.
This is despite SBI`s wages as percentage of total expenses being higher than the industry average. The SBI`s wages, as percentage of total expenses, stands at 17.5 per cent against the industry average of 14 per cent for the year 2007-08, a RBI report says.
According to the RBI data on profile of banks, business per employee (total business of the bank divided by the number of employees) of SBI stands at Rs 456 lakh for the year 2007- 08, below the average business per employee for all the banks at Rs 634 lakh for the year.
The private banks have fared well in this category, with the business per employee of ICICI Bank and Axis Bank way above at Rs 1,008 lakh and Rs 1,117 lakh. HDFC Bank`s figure was lower than the average for all banks, but above SBI at Rs 506 lakh.
Even the nationalised banks such as Canara Bank, Union Bank of India, United Bank of India and Bank of India are ahead of SBI.
Average business per employee for all nationalised banks at Rs 618 lakh was also above SBI, the report revealed.
According to the RBI data, SBI`s profit per employee (total profit of the bank divided by the number of employees) is at Rs 3.73 lakh for the year 2007-08, which is below the average of all the banks of Rs 4.67 lakh.
Private 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, in this category.
Among the nationalised banks, Union Bank of India and Bank of India have fared well with Rs 5.39 and Rs 4.95 lakh of profit per employee.
v.krishnamoorthy