Monday, August 30, 2010
Dean's Council, Know ISB - Indian School of Business
http://www.isb.edu/knowisb/Deans_Council.Shtml
http://economictimes.indiatimes.com/news/news-by-industry/et-cetera/Chicago-business-school-names-Indian-American-as-dean/articleshow/6232016.cms
http://www.youtube.com/watch?v=TkSS6WSODvc
http://www.dnaindia.com/academy/report_iim-a-job-tougher-harvard-business-school-dean_1416417
It is a great feeling to hear about more and more Indian Academicians are taking charge as Deans of leading B-Schools in USA, the latest being Dr Sunil Kumar named the Dean of Chicago Business School in July 2010.
In India, the concept or title of Dean and Director are used typically IIMs, and schools like TAPMI, there could be more than one Dean - say for Academics, Administration, Planning & Development, etc., - all reporting to the Director who is the head of the Institution. But, look at the above links regarding the set up in Indian School of Business, Hyderabad which is at the top 12 level in the World's B-Schools. The Dean heads the Institute and there are a chain of Deputy Deans, Associate Deans, Asst Deans and Directors for several responsibility areas. Similar was the set up in Alliance Business School where I worked for three years as a Professor cum Registrar. It was then headed by Hon. Dean supported by Senior Associate Dean, Associate Deans and Assistant Deans. Director was operating from a remote area. No doubt, all these titles and designations, if not spelt out in a well defined Organisational chart, lead to confusion among faculty, staff and students too.
http://economictimes.indiatimes.com/news/news-by-industry/et-cetera/Chicago-business-school-names-Indian-American-as-dean/articleshow/6232016.cms
http://www.youtube.com/watch?v=TkSS6WSODvc
http://www.dnaindia.com/academy/report_iim-a-job-tougher-harvard-business-school-dean_1416417
It is a great feeling to hear about more and more Indian Academicians are taking charge as Deans of leading B-Schools in USA, the latest being Dr Sunil Kumar named the Dean of Chicago Business School in July 2010.
In India, the concept or title of Dean and Director are used typically IIMs, and schools like TAPMI, there could be more than one Dean - say for Academics, Administration, Planning & Development, etc., - all reporting to the Director who is the head of the Institution. But, look at the above links regarding the set up in Indian School of Business, Hyderabad which is at the top 12 level in the World's B-Schools. The Dean heads the Institute and there are a chain of Deputy Deans, Associate Deans, Asst Deans and Directors for several responsibility areas. Similar was the set up in Alliance Business School where I worked for three years as a Professor cum Registrar. It was then headed by Hon. Dean supported by Senior Associate Dean, Associate Deans and Assistant Deans. Director was operating from a remote area. No doubt, all these titles and designations, if not spelt out in a well defined Organisational chart, lead to confusion among faculty, staff and students too.
Men of Steel : Indian Business Leaders
I developed a new habit of late; to buy non-fiction books from Airport shops while travelling to places and read them keenly during waiting period and afterwards. One of them is 'Men of Steel : India's Business Leaders in candid conversation - with Vir Sanghvi', which I picked up in Hyderabad Airport on 8th August.
Sanghvi interviewed all these men on TV and compiled in to a book during 2005. Those covered include 01. Ratan Tata-Chairman-Tata Group, 02. Nandan Nilekani-MD & CEO-Infosys-Bangalore, 03. Kumar Mangalam Birla-Chairman-Aditya Birla Group, 04. Sunil Bharti Mittal-Chairman & MD-Bharti Group, 05.Rajeev Chandrasekhar-Former Chairman & CEO-BPL Mobile-Bangalore, 06. Azim Premji-Chairman & MD-Wipro Ltd-Bangalore, 07. Subhash Chandra-Chairman-Zee Telefilms and Essel Group, 08. Uday Kotak-Vice Chairman & MD-Kotak Group of Companies, 09. Bikki Oberoi-Vice Chairman & MD-East India Hotels-Mumbai, 10. Nusli Wadia - Chairman-Wadia Group of Companies-Mumbai, and 11. Vijay Mallya-Chairman-UB Group-Bangalore - all of whom had tasted success in business in modern India before and after the Economic Reforms and opening up of Indian economy with LPG.
Each one of the above businessman have his own special traits. All of them underwent tough times in life and business. Vir Sanghvi's interviews are candid and straight. He probes into their deep thoughts and writes for our benefit in this book. The back cover page says 'Nobody who wants to understand the contours of the Indian success story can afford not to read this book. It is a highly readable insight into the new India.'
Sanghvi interviewed all these men on TV and compiled in to a book during 2005. Those covered include 01. Ratan Tata-Chairman-Tata Group, 02. Nandan Nilekani-MD & CEO-Infosys-Bangalore, 03. Kumar Mangalam Birla-Chairman-Aditya Birla Group, 04. Sunil Bharti Mittal-Chairman & MD-Bharti Group, 05.Rajeev Chandrasekhar-Former Chairman & CEO-BPL Mobile-Bangalore, 06. Azim Premji-Chairman & MD-Wipro Ltd-Bangalore, 07. Subhash Chandra-Chairman-Zee Telefilms and Essel Group, 08. Uday Kotak-Vice Chairman & MD-Kotak Group of Companies, 09. Bikki Oberoi-Vice Chairman & MD-East India Hotels-Mumbai, 10. Nusli Wadia - Chairman-Wadia Group of Companies-Mumbai, and 11. Vijay Mallya-Chairman-UB Group-Bangalore - all of whom had tasted success in business in modern India before and after the Economic Reforms and opening up of Indian economy with LPG.
Each one of the above businessman have his own special traits. All of them underwent tough times in life and business. Vir Sanghvi's interviews are candid and straight. He probes into their deep thoughts and writes for our benefit in this book. The back cover page says 'Nobody who wants to understand the contours of the Indian success story can afford not to read this book. It is a highly readable insight into the new India.'
PIB Press Release
PIB Press Release
It is heartening to know about Government recognisig successful MSMEs and awarding them too. Also interesting is the categories like women, SC/ST, North-Eastern units, etc. If only such awards were given away on the Independence Day - the 15th August, the entire nation would have witnessed the event over Television. Better late than never!
It is heartening to know about Government recognisig successful MSMEs and awarding them too. Also interesting is the categories like women, SC/ST, North-Eastern units, etc. If only such awards were given away on the Independence Day - the 15th August, the entire nation would have witnessed the event over Television. Better late than never!
The Hindu Business Line : Karnataka to run pilot project for core banking solutions
The Hindu Business Line : Karnataka to run pilot project for core banking solutions
Unbelievable. Fantastic. Amazing. All these words are insufficient to appreciate latest development in postal services. CBS took long years to stabilise in the banking system. Software, hardware problems, manpower shortages, lack of continuous power, and network problems were hindering CBS to be introduced in a big way in the banks in India. It took long years, of course and yet they can not declare to have this facility full-fledged.
At this juncture, if Post Office could think of offering CBS facility on a pilot basis this year (that too in 50% offices in Karnataka) and gradually expanding to all-India in 2012, is a wonderful news. Let us wait and see the transformation.
Unbelievable. Fantastic. Amazing. All these words are insufficient to appreciate latest development in postal services. CBS took long years to stabilise in the banking system. Software, hardware problems, manpower shortages, lack of continuous power, and network problems were hindering CBS to be introduced in a big way in the banks in India. It took long years, of course and yet they can not declare to have this facility full-fledged.
At this juncture, if Post Office could think of offering CBS facility on a pilot basis this year (that too in 50% offices in Karnataka) and gradually expanding to all-India in 2012, is a wonderful news. Let us wait and see the transformation.
The Hindu Business Line : Relax terms for promoter funds in debt recast, say banks
The Hindu Business Line : Relax terms for promoter funds in debt recast, say banks
Non-Performing Assets have always been a pain point for Banks in India. When the overall governance of banks was in a pretty unorganised with focus on branch expansion and liberal credit disbursement in the name of loan melas and other poverty alleviation schemes, banks had no control whatsoever on the defaulters. Those days, it was an accounting mechanism to declare bad and chronic accounts and provisions were made by each bank as per their own policies.
Economic Reforms and Banking Sector Reforms during the early nineties transformed the working of all types of banks. Definition of NPAs were spelt out for the first time in 1993 along with Prudential Norms and IRAC guidelines. In the beginning it was four quarters or 360 days dues that were considered to be declared as NPAs. Year after year focus was on streamlining this aspect thus bringing down to 90 days dues being treated as NPA in 2004, which is the international standards. Also, the provisioning norms were also spelt out by the RBI even for Standard Assets. Besides, DRTs were created and later followed by write off / compromise settlements were encouraged as One Time Settlements. BIFR was set up to speed up relief to the banks in handling bad loans.
Next stage was that of enacting SARFAESI law in 2002 alongwith creation of Asset Reconstrution Companies and Securitisation Companies to handle the NPAs differently. CDR was a via media to help those deserving and needy defaulters with additional funds. The recent development is a good gesture by the banking system in India to help such genuine defaulters with support in a phased manner which is laudable.
Non-Performing Assets have always been a pain point for Banks in India. When the overall governance of banks was in a pretty unorganised with focus on branch expansion and liberal credit disbursement in the name of loan melas and other poverty alleviation schemes, banks had no control whatsoever on the defaulters. Those days, it was an accounting mechanism to declare bad and chronic accounts and provisions were made by each bank as per their own policies.
Economic Reforms and Banking Sector Reforms during the early nineties transformed the working of all types of banks. Definition of NPAs were spelt out for the first time in 1993 along with Prudential Norms and IRAC guidelines. In the beginning it was four quarters or 360 days dues that were considered to be declared as NPAs. Year after year focus was on streamlining this aspect thus bringing down to 90 days dues being treated as NPA in 2004, which is the international standards. Also, the provisioning norms were also spelt out by the RBI even for Standard Assets. Besides, DRTs were created and later followed by write off / compromise settlements were encouraged as One Time Settlements. BIFR was set up to speed up relief to the banks in handling bad loans.
Next stage was that of enacting SARFAESI law in 2002 alongwith creation of Asset Reconstrution Companies and Securitisation Companies to handle the NPAs differently. CDR was a via media to help those deserving and needy defaulters with additional funds. The recent development is a good gesture by the banking system in India to help such genuine defaulters with support in a phased manner which is laudable.
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