Indian Banks spending on stationary
Hello Hive Fam
Good day to you all, and I hope you're having a good time wherever you are.
I got this information while scrolling through a LinkedIn page, and it was surprising to learn how much Indian banks spend on stationery. To be honest, I have no idea that the stationery cost for these banks can be such a huge amount; India's biggest bank, which is the State Bank of India, has spent about 986 crore rupees on stationery and printing costs, which I think is huge. This list has the Top 14 banks, including private and government banks, where State Bank of India is on top with 986.4 crore as a cost and Federal Bank at 56.2 crore at the lowest. It is obvious that Federal Bank is not such a big bank, so obviously their cost is going to below however, if I talk about some leading private bank which includes HDFC, Axis Bank, and even ICICI bank and, they are also spending quite a good amount of money.
HDFC Bank, being at the top it is spending more than 922 crore rupees, whereas the total of Axis and ICICI Bank is less than that, and I believe that ICICI Bank is the top private sector bank in the country. This is surprising for me, and for a moment I thought, why are these banks spending such a huge amount on this part when they are encouraging digital banking in the 21st century? Uh, literally, they are providing a bunch of services for their customers.
In terms of their profitability, this cost is between 1 to 2%, but in terms of numbers, this is a bigger amount which could have been used in something more productive, and it is a dead spend which is not bringing any value in return. I'm not saying that this can be completely cut off, but I'm sure there are many ways through which banks can work on it and reduce this cost significantly, which they can also invest in something that can add more value to their overall banking infrastructure, which will bring better value and even better experience for their customers.
we are in 21st century where things are highly advanced and technology is evolving So spending such a big amount on printing cost and stationery in this era does not make any sense and that is why I believe it is an area where banks really must look into and figure out the ways how they are going to save this money. It might not happen overnight, but surely if they look at They can figure out the ways through which a larger amount of money can be saved, and that is how technology can make them do it and build better banking solutions.
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Banks still function like in the old age. I went to the bank for credit and I had to stay 1 hour and sign 20 documents just for them to evaluate if I can take the credit. In the end I didn't need it, but staying there one hour and flushing paper documents in front of me seemed like the stone age.
I agree that banks are still working old way and in this era of AI they must adopt tech and evolve their way of working.
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@jacobtothe The ledger doesn't lie, and neither do we. We've already exposed the interconnected web of your friends—the numbered wallets, the synchronized voting, the farming rings disguised as curation. Yet, instead of reflection, you offer only more silence and more downvotes.
Why does a "community" need so many ghost accounts to survive? Why do you refuse to admit that it is your friends and your own abusive behavior—not truth-telling—that drives people away? You can not hide the pattern, it only highlights the desperation.
We have to ask: Are you okay? Do you need some help with your mental health? Because no one in their right mind would choose to spend their life defending a house of cards built on lies, bullying, and botnets. There is still time to step back from the edge. Choose clarity over compulsion. Choose truth over the tribe.
#bilpcoin
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There is a sacred covenant between the creator and the soil upon which they build. It is the promise that if you plant a seed with honest hands, the earth will not conspire to crush it before it breaks the surface. It is the assurance that the gardener exists to nurture the growth, not to trample the sprout because it does not yet resemble the tree.
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Build where the wind lifts you, not where the gale seeks to tear you down.
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Imagine a platform designed not for the convenience of the powerful, but for the dignity of the creator.
This is not a dream. It is a choice.
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Do not let the whales convince you that their oppression is necessary. Do not let them tell you that their downvotes are for your own good. The gardener who kills the seedling does not love the garden; he loves only his own control over it.
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If the current chains of Hive have become heavy with the weight of abusive downvotes, then break them. Forge new links. Build new shores.
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