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These big four expanded their branch network at a rapid rate of 14-16 percent per annum in terms of compound growth rates.
Another trend in the banking sector during this period was the increase in staff strength by private sector banks, while the public sector banks witnessed a decline in the number of employees. The private sector banks recorded a compounded growth of 24% in their staff strength. The decline in public sector bank staff can be attributed to restructuring and adoption of IT infrastructure.
Private sector recorded a growth ranging from 30% to 68% in terms of capital, reserves and surplus...
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