It is a matter of prestige for all Indians, particularly those engaged in Management Education. We have a large number of Management Gurus in CK Prahalad, Sumantra Ghoshal, Deepak Jain, Adesh Jain, Vijay Govindarajan, Bala Balachandran and others who have brought laurels to the country while being abroad. On July 1st, 2010 another doyen was appointed as Dean of Harvard Business School. He is Dr Nitin Nohria. He is the first of the ten Deans in the history of HBS to have been appointed from outside the western hemisphere.
Hail SBI. The bank has not only been a pioneer in rural banking, financial inclusion, change agent besides a development financial institution; but also a trend setter in many ways in the Indian banking scene. SBI initiated Green Banking and Paperless Banking recently. Its branch networking is rapidly increasing in rural areas of the country and now partnering with Postal Department, it has innovated yet another way of reaching the large chunk of rural folk through Postman. Such strange initiatives can only be taken by India's premier bank, the SBI.
TAPMI, Manipal (http://www.tapmi.edu.in/), also known as TA Pai Management Institute, a top-ranked B-School in the country with over twenty five years of existence and offering high quality management education, has reached an advanced stage in the process of accreditation. After about seven years of compliances and evaluations as also regular communication as to meeting the various standards for a high profile B-School of global practices and processes, TAPMI is awaiting the final nod for approval this year ie., 2011.
I had worked in three banks - Andhra Bank, Hyderabad (in 1971 between May and October) when it was in private sector to commence my long years of banking career; shifted to SBI within six months or so in November 1971, grew up in life and career, was promoted on merit basis four times in 1977, 1984, 1985 and 1990 up to Chief Manager (Scale IV - Senior Management) after going round rural, semi-urban, urban and metro branches as also in Regional Office, Hyderabad and eight long years in Central Office. Having retired voluntarily in my 41st year after twenty two years in 1993, I re-joined banking - The Vysya Bank Leasing Ltd in 1996. Here I spent three years as Vice President handling Lease and Hire Purchase Finance....before moving to academics in TAPMI, Manipal.
With the rich experience in three leading banks, it was interesting to handle training sessions as an Academic in Corporation Bank, Syndicate Bank and recently in ICICI Bank. What a contrast to handle sessions to senior Managers of Syndicate Bank and young Probationary Officers of ICICI Bank. Imagine, if the session is all about Branch Management - their working is entirely different from each other although fundas are similar. And then, recent development is that Syndicate Bank has recruited young MBAs as Marketing Probation Officers. The present generation has different skill sets, and tools to work with and of course, have high expectations and ambition to move up..... In all, it is a good challenge to deal with today's bankers.
Some time back, RBI carried out a study of exploring to introduce Islamic Banking in India but gave up. However, the concept has been floating around in India in some form or other including training institutes having been set up. Although it is not all that simple to understand, Islamic Banking seems to be prevalent in quite a few countries including USA. We need to seriously study the concept and philosophy of Islamic Banking now because Kerala High Court is reported to have allowed this being set up in Kerala. Let us wait and see.....
Today, is yet another historic day (not for Chiranjeevi of PRP in AP joining Congress Party for whatever reasons in the name of fighting against poverty, etc.,) but State Bank of India, opening its 5,000th rural branch and 22,222nd ATM for the group in West Bengal.
Please visit www.tapmi.edu.in or www.manipal.edu (and Manipal Centre for European Studies - MCES) http://www.tapmi.edu.in/html/mesm.html and http://www.manipal.edu/Institutions/EuropeanStudies/MCESManipal/Pages/Overview.aspx respectively for details of 2 year Masters in European Studies & Management (MESM) program admissions 2011-13.
Let me crack the whole concept and come back to write my views on this complex - Visible Banking - Social Media & Social Commerce in Banking, Finance, Insurance........................ and Finovate Europe 2011. Are you not curious?