BoB ranks 2nd highest in staff productivity

State-owned Bank of Baroda (BoB) is the second most productive lender among nationalised banks in terms of profit per employee during 2009-10, RBI said in a report.

The RBI report released on Thursday had erroneously pegged profit per employee of BoB staff at Rs 8,000, but subsequently corrected it to Rs eight lakh.
    
The industry average is Rs 6.05 lakh, said the 'Profile of Banks 2009-10' release by RBI earlier this week.
    
Corporation Bank was ranked the best among 19 PSU banks in terms of employee productivity with each staff accounting for profit generation of Rs 9.52 lakh.
    
The profit per employee of public sector banks on an average stood at Rs 5.34 lakh in 2009-10.