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2,044 branches of state-run banks shut down in FY-22

BNE ADMIN


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Guwahati: There will be a closure of as many as 2,044 branches of state-run banks in the financial year 2022 while the number of branches of private banks has gone up by 4,023 branches, said the All India Bank Employees Association (AIBEA).


Overall employee strength has gone down by 13,000 employees in 2022 over the previous year.
Private banks had a staff strength of 534,022 at the end of FY21, while in FY22, the number was 357,346 with the staff numbers, it added.
According to the AIBEA, public sector banks had 88,265 branches at the end of FY21 and the number came down to 86,221 in FY22.
Incidentally, the number of government-owned bank branches in FY20 was 90,520, the AIBEA said in a report.
Public sector banks, had challenging times owing to mounting non-performing assets (NPAs), of which the major share was that of the corporate sector.


"Almost all banks have come out of RBI restrictions on account of Prompt Corrective Actions. Public sector banks have shown this impressive performance amidst uncertainties on account of mergers and privatisation," the statement said.
As per the AIBEA's report, the 21 government, banks did a total business (deposits plus advances) of about Rs 181.402 trillion in FY22, up from Rs 166.087 trillion in FY21.
The net profits of the government banks in FY22 went up to Rs 689.79 billion, against Rs 331.77 billion in FY21.
The 21 private sector banks did a total business of Rs 95.70 trillion in FY22, up from Rs 83.62 trillion in FY21.
In respect of net profits, the private banks in FY22 logged Rs 946.96 billion as against Rs 692.19 billion in FY21.

BNE ADMIN