Private banks' staff strength soars 2.8 times in a decade: RBI data

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Private banks' staff strength soars 2.8 times in a decade: RBI data - Business Standard

Quick Summary:

A decade ago, in FY14, state-owned banks had 842,813 employees, compared to 303,856 for private banks.

Also, in the case of public sector banks, increased digitization has improved efficiencies and customer reach resulting in reduced footfall in branches.

In contrast, while private sector banks also witnessed a rise in NPAs, for them it peaked at a lower level of 5.1 per cent as on March 31, 2020.