from BUSINESS LINE, September 24, 2010 Chennai, Sept 23 - Foreign banks have comfortably retained the top rank in terms of profits/ employee, according to data released by the Reserve Bank of India.
At Rs 17 lakh/employee in 2009-10, foreign banks did two-and-a-half times as well as private sector banks; even after shelling out twice as much as wages.
Wage costs of private sector banks, as a percentage of total expenses, were only half as much as foreign banks. Interestingly, they were also smaller than wage costs of public sector banks.
Private sector banks were way behind nationalised banks in terms of business/ employee, but miles ahead in terms of …