is a recapitulation of the story of India from 1956 until 2014. It chronicles
one of the most wonderful systems that have ever been developed on earth by an
ancient and cultured social group that had been a pioneer in the establishment
of welfare measures for both the ‘haves’ and the ‘have-nots’.
The system referred to here is The
Indian Banking System which, by its magical philosophy of “Save and Prosper”, has been the instrument of change. A large group of people
have benefitted in one way or the other by this enchanting industry and all
that it has had to offer. They chose to pay tributes out of respect for the
system – and hence, this book.
But money was not everything. I realized
that working in the bank brought with it a certain kind of dignity and social
standing – which was quite a big deal in those days. Family, future, security,
status etc. Yes, those days a bank employee was regarded highly by society. He
was a sought-after groom in the marriage market.
The liberalization era brought about
important changes in the functioning of banks. The industry was the
nerve-centre for all financial operations in the country. In order to meet the
emerging need to match International Standards, automation and computerization
of all core banking operations became the norm
— A Banker’s Diary.
the computerisation wave swept the nation’s banks, lakhs and lakhs of precious
public money was spent. The importance of Exceptional Reports was understood,
and these exceptional reports were implemented by all the banks in all
earnestness. But, the follow-up of the reports generated by the system and
their consequences was not really done with the same amount of earnestness with
which the scheme was implemented
— Password Compromise.
Resources or HR is perhaps the most valuable asset in any organisation. It is
the human resource that exploits and makes use of other resources in the
organization so as to achieve organizational objectives. The aim of the Human
Resource Department, or by whatever name it is known – such as Personnel
Department, P& IR and such else, is established to get the best out of the
workforce of the organisation. For the achievement of organisational purpose,
there are many sub-systems in the Human Resources Department, such as Grievance
Handling, Counselling, Performance Appraisals, Career Planning, Training &
Development Programs and such else.
— A new born baby
given new life to a Bank Office.
promises became true. All performances were spot-on. This is truer than the
truth. Banking in India was promising, and encouraged the growth of India into
becoming a vibrant and energetic economic power. That dream has now become
reality. Now, India has become a force to reckon with in terms of economic
development. No other country can afford to ignore India. I will not, for a
change, make a conventional call that banks are at a cross-roads. We have
crossed all of them, if you wish please, and there are only roads ahead. Rest
assured that Indian Banking will survive at all times.
— Banking Highway.
The Heads of Banks nodded, some
The higher-ups had no knowledge of what
this barefoot banker was doing. They had to rely on him. He had the
independence, freedom and autonomy necessary for decentralized decision making.
He knew the way his Manager in Chennai was exceeding his authority and used to
write to the head office to ratify his decisions in the past. He did the same
thing with success. But the Regional Manager kept mum, it was his style. Wait
for results: if they were positive, well, he could confirm all actions done at
grass-roots. If the results were bad the
axe could fall on.
prudent banker should observe ‘how men of
prudence, discretion and intelligence manage their own affairs in regard to the
permanent disposition of their funds considering probable income, as well as
probable safety of the money involved’.
(1830 Massachusetts Court definition)