An Employee Productivity of Selected Banks of India

Commercial banks play an important role in the any country's economy by financing the requirements of trade, industry and agriculture with a greater degree of responsibility. Banks mop up deposits by drawing the community savings into the organized sector, which are then priorities laid down by the RBI in consonance with the fiscal policies of the GOI. Commercial banks can be described as a type of financial intermediary. Commercial banks provide a number of import financial and trading documents such as letters of credit, performance bonds, standby letters of credit, security underwriting commitments and various other types of balance sheet guarantees. They also take responsibility for safeguarding such documents and other valuables by safe deposit boxes .For the past three decades India’s banking system has several outstanding achievements system to its credit. The most striking is its extensive reach. It is no longer confined to only metropolitans or cosmopolitans in India. In fact, Indian banking system has reached even to the remote corners of the country. Thus, Growing Indian economy is the result of effective Indian banking system amongst many other responsible internal and external factors, in which the role played by public commercial banks in the country is also a crucial one.


I. INTRODUCTION
Banking in India has its origin as early or Banking in India has its origin as early or Vedic period. It is believed that the transitions from many lending to banking must have occurred even before Manu, the great Hindu furriest, who has devoted a section of his work to deposit and advances and laid down rules relating to the rate of interest. During the mogul period, the indigenous banker played a very important role in lending money and financing foreign trade and commerce. During the days of the East India Company it was the turn of agency house to carry on the banking business. The General Bank of India was the first joint stock bank to be established in the year 1786. The other which followed was the Bank of Hindustan and Bengal Bank. The Bank of Hindustan is reported to have continued till 1906. While other two failed in the meantime. In the first half of the 19th century the East India Company established there banks, the bank of Bengal in 1809, the Bank of Bombay in 1840 and the Bank of Bombay in1843. These three banks also known as the Presidency banks were the independent units and functioned well. These three banks were amalgamated in 1920 and new bank, the Imperial Bank of India was established on 27th January, 1921. With the passing of the State Bank of India Act in 1955 the undertaking of the Imperial Bank of India was taken over by the newly constituted SBI. The Reserve Bank of India (RBI) which is the Central bank was established in April, 1935 by passing Reserve bank of India act 1935. The Central office of RBI is in Mumbai and it controls all the other banks in the country. In the wake of Swadeshi Movement, number of banks with the Indian management were established in the country namely, Punjab National Bank Ltd., Bank of India Ltd., Bank of Baroda Ltd., Canara Bank Ltd. on 19th July 1969, 14 major banks of the country were nationalized and on 15th April 1980, 6more commercial private sector banks were taken over by the government. The first bank in India, though conservative, was established in 1786. From 1786 till today, the journey of Indian Banking System is very progressive.
At present scheduled banking structure has 26 public sector banks operating in India, 20 private sector banks, 40 foreign banks. Out of the 20 private sector banks, there are 13 old private sector banks and 7 new private sector banks.
In service sector, involvement of human element is of very high and this is application in banking service too. Attitude, interest, motivation, skills and knowledge, behavior, promptness, response to call etc. all are related to employees. These factors affect the individual and organizational performance. Hence, the concept of labor productivity is banking sector has great significance in present time. In present stiff competitive situation, it has become difficult to attract customers, retain and motivate them for further business. When employees give better performance then only the profitability of the banking unit will go high. Human resource is the most important resource of the organization. In a competitive and changing business environment, the need for highly skilled and dedicated manpower is felt who can give the best output. The firm that gets the advantage over other competitors through their talented and dedicated manpower can take the lead in the market. The contribution of employees on job is the most important factor for development and excellence in business. The performance of employees on different jobs in close coordination is needed for success of the unit.

Objective
Following two objects is considered in the present study 1. Employee Productivity Business per employee during research period of the selected public sector and selected private bankers.

Employee Productivity
Profit per employee during research period of the selected public sector and selected private bankers

II. RESEARCH METHODOLOGY
The present study is concerned with the Indian banking system. For this five nationalized bank and five private banks have been selected for this study. The study is based on secondary data. The required data have been collected from the various issues of Banking Statistics, published by the Reserve Bank of India. To compare the performance of selected sector banks, ratio analysis as an accounting tool while F-Test ONE WAY ANOVA as statistical tools is used. The following ratios are analyzed to examine the performance of the study. a) Business Per Employee b) Profit Per Employee IJTSRD | Mar-Apr 2017 Available Online@www.ijtsrd.com

A. Business Per Employee
Banking is major and very important part of Service Sector in India. Therefore it is very necessary to study productivity of Banks. In simple words productivity means the ratio of output to input. Productivity is the quantitative relationship between what is produced and what is used in the process. In the service sector manpower and their higher efficiency is very important to achieve higher productivity. Employee's productivity means capacity of employees to produce maximum output with the use of minimum input and efforts. There are various benefits of high employee's productivity like, Employees feel satisfaction towards their job, their job involvement increases, it will develop sense of commitment and loyalty, employees get hike in salaries, organization get good profit and that will increase reputation of concerned organization in the Market. Banking is major and very important part of Service Sector in very necessary to study productivity of Banks. In simple words productivity means the ratio of output to input. Productivity is the quantitative relationship between what is produced and what is used in the process. In the service sector r higher efficiency is very important to achieve higher productivity. Employee's productivity means capacity of employees to produce maximum output with the use of minimum input and efforts. There are various benefits of high Employees feel satisfaction towards their job, their job involvement increases, it will develop sense of commitment and loyalty, employees get hike in salaries, organization get good profit and that will increase reputation of

CONCLUSION
Productivity is a vital indicator of economic performance of an economic system. Productivity is not an end in itself. In fact, it is a mechanism for improving the material quality of life. Productivity is fundamental to progress throughout the world. It is at the heart of economic growth and development, improvements in standards of living and quality of life.

ISSN: 2456-6470
25 higher the profit figure the better. Here again, labor-intensive businesses (ex. mass market retailers) will be less productive in tech, high product-value manufacturer.

CONCLUSION
Productivity is a vital indicator of economic performance of an economic system. Productivity is not an end in itself. In fact, it is roving the material quality of life. Productivity is fundamental to progress throughout the world. It is at the heart of economic growth and development, improvements in standards of living and quality of life.