Rajnish Kumar’s three-year term as State Bank of India (SBI) Chairman was a roller-coaster ride from Day 1. A pandemic, a private bank bailout and a deep economic slowdown – all happened during his term. Kumar played a key role in bailing out Yes Bank. During his tenure, SBI has substantially cut down the chunk of toxic assets and successfully completed the amalgamation process of its associates. In an exclusive interview with Moneycontrol, Kumar opened up about the challenges he faced. Edited excerpts: How tough was your three years as SBI Chairman? Kumar : There were many challenges in the last three years. When I took charge, the merger process (with associates) was on, and then AQR (asset quality review) happened. There was significant stress on the books. And, of course, IBC (insolvency and bankruptcy code) also happened during that period. Having said that, I feel one can get tested only when there are challenges. If you are only doing your routine job, there is … [Read more...] about EXCLUSIVE: SBI needs to be watchful about corporate NPAs, COVID-19 impact, says Rajnish Kumar
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How To Reconcile Management And Morality In Today’s Gilded Age
Share to Twitter Share to Linkedin Something strange is happening in today’s Gilded Age : an outpouring of writing about ethics in business. Businessmen are claiming to combine profits with moral purpose. MIT Sloan Review writes about the need to “foster ethical conduct.” The Drucker Forum urges firms to deliver “performance that matters” and appoint leaders with moral character. Harvard Business Review talks about “creating an ethical company.” The question is whether these approaches are adequate to resolve ethical questions related to greed that are built into the very purpose of the firm. 1. Creating Psychological Safety A high-profile approach to fostering business ethics focuses on psychological safety. Business school Professor Amy Edmondson defines it as “a shared belief held by members of a team that the team is safe for interpersonal risk-taking,” By creating psychological safety, employees feel free to speak their mind, thus … [Read more...] about How To Reconcile Management And Morality In Today’s Gilded Age
Title IX At 50: Are Women And Girls Being Treated Equally?
Share to Twitter Share to Linkedin No person in the United States shall, based on sex, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any education program or activity receiving Federal financial assistance.” - Title IX, signed by President Richard Nixon, June 23, 1972 Fifty years ago, Title IX was enacted to ensure gender equity, particularly in federally funded education and sports. Since Title IX there have been significant strides for women, including recent achievements like the overall college enrollment rate for 18- to 24-year-olds being higher for women than for men since 2000. The intentions of Title IX are noble and there should be no doubt that this law has made an indelible mark on generations of women and girls. At the same time, we must also reflect on whether Title IX is fulfilling its promise of protecting women from discrimination and underrepresentation in their educational and … [Read more...] about Title IX At 50: Are Women And Girls Being Treated Equally?