The number of employees at India's public sector banks (PSBs) is at its lowest in 13 years, showed latest data released by the Reserve Bank of India (RBI), with mergers leading to slower branch expansion and many finding greener pastures elsewhere.
Thirteen years ago, in FY11, public sector banks employed 755,102 people, while at the end of FY24, the number stood at 756,015, the RBI data showed. These banks have lost about 12% of their employee base in the last seven years. Between FY17 and FY24, public sector banks lost more than 100,000 employees even as staff across the country's banking sector increased by nearly half a million, the data showed. Interestingly, private sector banks have doubled their staff count to 845,841 in the same period.
Diese Geschichte stammt aus der December 30, 2024-Ausgabe von Mint Hyderabad.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 30, 2024-Ausgabe von Mint Hyderabad.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Zeroing in on one's values to lift productivity
Leadership means having clarity of vision that inspires people to aspire and act
Visa issue not affecting ops: BYD
China's BYD is keen to have manufacturing operations in India as soon as 'all factors' suggest a 'go ahead', and the plan is under constant evaluation, according to a top official of the company's Indian arm.
Indigenous Approaches to Fire Control Hold Lessons for the US
America must adopt traditional techniques deployed in Australia
Tech Firms May See More Short-Term Contracts, Frequent Renewals
Indian IT services companies are increasingly seeing shorter-term contracts from clients, driven by economic uncertainty and rapid technological shifts, according to company executives and analysts.
What protects us from being stabbed in our own homes?
India extracts a very high price from those who hurt its rich and middle class but this shield could weaken
Gaza Ceasefire Begins as Hamas Names the 3 Hostages to be Released
Hamas had earlier blamed the delay in handing over the names on 'technical field reasons'
India, Oman FTA negotiations over
India is not seeking customs duty concessions on over 100 product categories such as liquor and cigarettes in the proposed free trade agreement (FTA) with Oman, which is under negotiations between the two countries, sources said.
RIL Back on Track With Q3 Show, Say Brokerages
Reliance Industries Ltd, India's most valuable company, is back on a growth path after six months of challenges as it posted better than expected earnings in the December quarter, brokerages said.
ITC Aims to Lead in All Segments: Sanjiv Puri
ITC Ltd is sharpening its competitiveness and strengthening innovative capacity under its \"Next Strategy\" as the multi-conglomerate aims to be a leader in the segments in which it operates, said its chairman and managing director Sanjiv Puri.
Indian equities not overly expensive, reflect growth prospects
We see structural shifts in India align closely with 5 mega forces driving global economic transformation Ben Powell Chief APAC & ME strategist, Blackrock Investment Institute
