Reforms in Financial Sector will bring tough competition
Reform in financial sector envisages opening of the sector for private participation and allowing FDI to increase stakes in financial institutions. This also implies adoption of better risk management measures and introduction of new financial products in order to ensure depth and breadth of the market. It is evident that the Government is the crusader of reforms and new generation politicians/bureaucrats also advocate similar or even more aggressive reform era.
Do we ever try to understand what would be the fall out of all these changes and how well an officer, having career of more than 15 years to follow, is prepared to take challenges posed by the reforms? Are we ready to see ourselves 15 years down the line, in the manner we have been viewing the disgusted colleagues/subordinates around us and blaming unions for this ruptured behaviour? We always thought that the branch would have been better place to work without them.
Protection results in inferiority and inferiority complex eats away the soul and courage.
This would demand constructive role to be played by association
Association policies are now completely outdated as these were framed when the economy was purely run to pursue the social (political?) agenda and competition was not a threat for existence of each other. An efficient company was taxed/restricted so that it could not grow and inefficient one was bailed out without doing justice to anybody. A “Matrix” was created by “Architect” to serve the purpose of the “GODS” of “The Matrix”. Communism at their best.
Now the Matrix is broken and suddenly the rules of the game are different than what it used to be. Lover of old rules can not even cry foul as their existence is dependent on his acceptance to new rules only.
Has association ever tried to know the new order of the days? Do they have any vision in context of economic reforms? Have they ever bothered how do their members feel when new products/ systems are placed in place of old one which itself is not well understood by the officers. Is competition bad for the sector? Is merger bad for bank and its stakeholders? Why association is afraid of inviting new ideas? Have they not become the new “Matrix” to fulfill unknown desires of their “GODS”?
Reform hopes for a new age association.
Present Leadership doesn’t have vision and personality
Power corrupts and absolute power corrupts absolutely. Sometimes we feel that the Association leaders command more respect than the political leaders though the number of followers may be limited in number. Many Association leaders are elected unanimously. They are revered and feared like gods of ancient civilization.
Unjustified “Matrix” has given the chance to raise uncivilized Gods.
Vacuum exists when opposite forces counter each other with equal forces. Leaders with new vision and Personalities with substance will break the vacuum and they would lead to realize the dreams of all stakeholders of the bank.
Complete Overhauling of Format, Structure and Components of Association
The base of unionism in this country is completely influenced by the ideology of communist party. We would like to make it very clear that communism was not a social reform but a financial reform. It tried to influence the society without understanding the nature of human being. Communism in its raw form was never accepted.
- It was intended to reject all sorts of personal assets.
- One can have wife/husband and children and nothing else.
- All types of assets generated/created by a human being belong to State and not to the person.
And when people become de-motivated to generate more assets he/she was threatened, forced against his/her will to work for the state. Therefore human element is not visible in the theory and practice of communism. Since a society is formed by sheer dynamism of individual characteristics which is in stark contrast of communist theory which says that Society should be controlled by only one human possession i.e. assets.
Reasons are very clear why communist leaders are more power-centric and seek for a strong and unjustifiable State.
Let leaders of new Association tender resignation after completing two or three terms in the office. Let young vibrant and enthusiast leaders replace the old leaders.
Let management take Association as a serious stakeholder who should be equally responsible and committed to lead the bank to a new height. Mutual growth is the mantra of new age association.
The entire country has decided to see towards west and when we bankers are just turned ourselves to the west leaders are asking to take left turn. What a precarious situation! Present leadership is not fighting for our cause - they are fighting against the country.
Congruence in policy, which has got support of public of the country, would bring synergy. This alignment in policies would definitely help the association in bringing desired benefits to its members.
Reform in financial sector envisages opening of the sector for private participation and allowing FDI to increase stakes in financial institutions. This also implies adoption of better risk management measures and introduction of new financial products in order to ensure depth and breadth of the market. It is evident that the Government is the crusader of reforms and new generation politicians/bureaucrats also advocate similar or even more aggressive reform era.
Do we ever try to understand what would be the fall out of all these changes and how well an officer, having career of more than 15 years to follow, is prepared to take challenges posed by the reforms? Are we ready to see ourselves 15 years down the line, in the manner we have been viewing the disgusted colleagues/subordinates around us and blaming unions for this ruptured behaviour? We always thought that the branch would have been better place to work without them.
Protection results in inferiority and inferiority complex eats away the soul and courage.
This would demand constructive role to be played by association
Association policies are now completely outdated as these were framed when the economy was purely run to pursue the social (political?) agenda and competition was not a threat for existence of each other. An efficient company was taxed/restricted so that it could not grow and inefficient one was bailed out without doing justice to anybody. A “Matrix” was created by “Architect” to serve the purpose of the “GODS” of “The Matrix”. Communism at their best.
Now the Matrix is broken and suddenly the rules of the game are different than what it used to be. Lover of old rules can not even cry foul as their existence is dependent on his acceptance to new rules only.
Has association ever tried to know the new order of the days? Do they have any vision in context of economic reforms? Have they ever bothered how do their members feel when new products/ systems are placed in place of old one which itself is not well understood by the officers. Is competition bad for the sector? Is merger bad for bank and its stakeholders? Why association is afraid of inviting new ideas? Have they not become the new “Matrix” to fulfill unknown desires of their “GODS”?
Reform hopes for a new age association.
Present Leadership doesn’t have vision and personality
Power corrupts and absolute power corrupts absolutely. Sometimes we feel that the Association leaders command more respect than the political leaders though the number of followers may be limited in number. Many Association leaders are elected unanimously. They are revered and feared like gods of ancient civilization.
Unjustified “Matrix” has given the chance to raise uncivilized Gods.
Vacuum exists when opposite forces counter each other with equal forces. Leaders with new vision and Personalities with substance will break the vacuum and they would lead to realize the dreams of all stakeholders of the bank.
Complete Overhauling of Format, Structure and Components of Association
The base of unionism in this country is completely influenced by the ideology of communist party. We would like to make it very clear that communism was not a social reform but a financial reform. It tried to influence the society without understanding the nature of human being. Communism in its raw form was never accepted.
- It was intended to reject all sorts of personal assets.
- One can have wife/husband and children and nothing else.
- All types of assets generated/created by a human being belong to State and not to the person.
And when people become de-motivated to generate more assets he/she was threatened, forced against his/her will to work for the state. Therefore human element is not visible in the theory and practice of communism. Since a society is formed by sheer dynamism of individual characteristics which is in stark contrast of communist theory which says that Society should be controlled by only one human possession i.e. assets.
Reasons are very clear why communist leaders are more power-centric and seek for a strong and unjustifiable State.
Let leaders of new Association tender resignation after completing two or three terms in the office. Let young vibrant and enthusiast leaders replace the old leaders.
Let management take Association as a serious stakeholder who should be equally responsible and committed to lead the bank to a new height. Mutual growth is the mantra of new age association.
The entire country has decided to see towards west and when we bankers are just turned ourselves to the west leaders are asking to take left turn. What a precarious situation! Present leadership is not fighting for our cause - they are fighting against the country.
Congruence in policy, which has got support of public of the country, would bring synergy. This alignment in policies would definitely help the association in bringing desired benefits to its members.
3 comments:
Rightly said that our Association should also blend with changing times and should work towards mutual growth with Management or else resign and let younger generation take charge.
We have always seen the association as a potent tool for defering any changes even when it is for the betterment of the society at large and employees also. Their myopic vision is taking the common persons for a ride. Now situation has changed drastically . We can't lose time lest we lose , we cant wait lest we fail. The author has presented the real picture of the changing scenario.Are our Association equipped with necessary ammunitions against the tide of changes that is going to sweep shore once the multinational players comes to the fore. Whom you want to fight when our own existence becomes doubtful.
The article is well elaborated on the issue of changing context of banking industry.The need of the hour is that the bankers having sizable residual service should come forward and get ready to face the challenges of changing situation. Every individual officer of PSBs should realise that he / she has to prepare himself / herself for the changing work-profile and has to come out of various kinds of unwarranted fears . To start , an officer has to begin expressing his / her belief to the trade union and the management , to discuss and resolve various issues concerning an officer as an individual and as a group.The forum is providing a wonderful opportunity to all the officers in Indian Banking to come forward for a fruitful discussion, which may lead to proactive decision making at various levels .
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