Frauds in banks are increasing by leaps and bounds. The Reserve Bank of India’s Financial Stability Report says the total amount involved in frauds of Rs 1 lakh and above was Rs 18,698.8 crore in 2015-16 which went up to Rs 23933.9 crore in 2016-17, which exploded to a massive Rs 41167.7 crore in 2017-18. … [Read more...] about Quick Take | With so many frauds in PCA banks, why take the risk of allowing them to lend?
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Secure support and participation from leaders Day to day, encourage leaders to set aside time for their teams to pursue personal passions. Create a bank of “innovation time” that employees can draw upon throughout the year, and dedicate a portion of staff meetings for employees and interns to share their concepts. Invite all staff to pitch their projects on an annual basis, and invest real money in the top ideas that emerge. By accepting, encouraging, celebrating, and at times financially supporting personal innovation, organizations can motivate employees and tap into creative brainpower that promotes innovative problem-solving. … [Read more...] about Why I encourage daydreaming at work and how to turn it into innovation
In Part 2 of our series, we explored “The Machine,” proprietary myth-busting technology from Cargo and neuromarketing firm BRANDthro. Now, we really get to see how The Machine’s output can change the way we think about—and talk to—Millennial Small Business Owners (or MSBOs). … [Read more...] about New research reveals the truth about millennial small business owners