On the other hand, the number of private bank branches rose 4,023 to 34,342 branches in 2022 compared to 2021, said the Association of Employees of All India Bank (AIBEA).Private banks have 534,022 staff strength at the end of FY21, while in FY22, the number is 357,346 with the number of staff of several banks that are not available on their website, he added.
According to Aibea, the public sector bank had 88,265 branches at the end of FY21 and the number dropped to 86,221 in FY22.Incidentally, the number of government -owned bank branches in FY20 is 90,520, said Aibea in a report.
The strength of the government bank staff in TA21 is 807,048 and dropped to 794,040 in FY22, he said, added that the merger of a government bank in 2020 and rationalization of branches and pension of further staff resulted in reducing the number of branches and further staff.
Public sector banks, until FY21, have a challenging time due to increased non-performance assets (NPA), where the main section is the corporate sector, secretary general of the AIBEA C.H. Said Venkatchealam.He said the worst part had ended with a government bank that ordered impressive accounting and social benefits.
“Almost all banks have come out of RBI restrictions due to rapid corrective actions. Public sector banks have shown this impressive performance in the midst of uncertainty due to mergers and privatization,” he said.
According to the Aibea report, 21 government banks carried out a total business (deposit plus progress) around Hospital 181,402 trillion in FY22, up from RS 166,087 trillion in FY21.The net profit of government banks in FY22 rose to RS 689.79 billion, against Hospital 331.77 billion in FY21.
21 private sector banks carry out a total business of RS 95.70 trillion in FY22, up from RS 83.62 trillion in FY21.In connection with net profit, private banks in FY22 recorded RS 946.96 billion compared to RS 692.19 billion in FY21.
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