Reverse Bank of .......

In my early years ie when I entered Academics, I was given a Secretary in TAPMI who is expected to type all my reading material, question papers, quizzes, notes, letters, etc.  I had difficulty in correcting her poor English skills.  Just before joining TAPMI, I was a Vice President of The Vysya Bank Leasing Ltd., in Bangalore reporting to the President and Board.  I had the services of three Stenographers besides other staff.  I could easily dictate long long Office Notes, Tour Reports or Proposals and clear papers quickly.  But, in my new Avatar, it was entirely different.  One challenge was facing grown up, matured and mischieveous Post Graduate students in the class for the first time.  It so happened that after teaching a Course on Management of Banking & Financial Institutions, during exam time I went round the hall to clarify doubts.  One student sincerely asked me a doubt "Sir you never taught us about this Bank.  How can we write a note on its functions and role?".  I said come again.  He said where is Reverse Bank of India? All the students in the class had a hearty laugh and I had to scratch my head.  It should have been Reserve..........

On March 27, 2010 I wrote in my blog about Reverse Mortgage, Reverse Mergers, Reverse Repo and Reverse Book Building.  Last week in a class when I mentioned about Reverse Mortgage, many of the students did not know the meaning nor heard of such a concept.  In today's fast changing economic and finance world, it is imperative that management students / graduates should be looking for newer concepts besides of course, the fundas in each stream be learnt fast.

Today, in the Business World issue of July 12, I read an article on Reverse Outsourcing.  More after I complete reading it.