NEWS & ADVICE : PERSONAL LOAN
SBI plans to give incentives to its employees
By Vaibhav Aggarwal
Jun 1, 2010
Print    Email    RSS   

Owing to the excessive expenses accounted during financial year 2009-10, the largest lender of the country, State Bank of India has planned to provide incentives to the employees so as to cut its operating expenses. The bank would also have to prioritize the issue of fresh slippages in non performing assets (NPAs).

NPAs are a reflection of the performance of banks. Rising NPAs are an indicative of an ailing banking sector.( 27th january 2010)

An annual conference of chief general managers (CGMs) has been scheduled by the bank in order to discuss these issues.

"This time, our theme for the conference will revolve round formulation of a detailed incentive scheme to help the bank reduce its operating expenses and NPAs,''a top bank official said.

The bank would not be curtailing its expansion plans by any means this fiscal.

"The plan is to tell the employees either to boost productivity with the current level of expenses or maintain current level of productivity with lower expenses... We will be adequately incentivising our staff for this," he said.

He also added that the bank is looking into its operational processes in detail and is also seeking expert professional advice and decisions in this regard.

The bank sees sufficient liquidity despite lending for 3G auctions and tax flow outflows.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Carnival of Indian Personal Finance Blogs # 9
Carnival of Indian Personal Finance Blogs #3
Winning in Emerging Markets by Tarun...
Personal loan EMI calculator from RupeeTimes
Which is better: personal loan or gold loan?


DO YOU NEED A GOOD LOAN LENDER ?
HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive