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I agree with Shri Prakash Joshi.
The contribution of Shri MBN rao as .E.D under MRS.Ranjan KUmar and thereafter as M.D.after great job done by Mrs..Ranjana Kumar is immense. Mr. K.C.Chakraborty had also given a right direction to the bank during his stint by in it’s 100th year by going public. The sacrifices of the then employees, hard work were enumerated in her book by Mrs.Ranjana Kumar. mr.S.RajGopal was more interested in bringing down the image of the Bank and its executives and referring cases to CBI the innocent executives for faults of one man. Scuh executives are still fighting their cases in courts for no fault of theirs. The tenure of T.M>Bhasin is a recent one and has no role in turnaround of Bank.
The report is partially correct till Mrs Ranjana Kumar’s’ contribution
She was exceptionally professional and humane
She was ably assisted by General Mangers and others led by Shri MBN Rao. They are architects of revival. Mr Bhasin took over in 2010 when Bank was very healthy
He also contributed
Mention of CMDs after Mrs Kumar was essential in continued revival
History should be correctly recorded
Whole-hearted devotion coupled with
sincerity by most of the officers/award
staff led by the intelligent executives
have brought such a reputation to
the premier Swadeshi bank —
INDIAN BANK
The solid foundation for turn-around of the bank was laid by Sri.S.Rajagopal who headed the bank for 3 years from end 1995 to 1998.He tightened the administration in such a way that the credit to deposit ratio was brought down from an alarming 75%to around 55%.The deposits grew substantially during his tenure.But he was.unpopular due to his frightening administration creating a scare among the executives and officers.The employees and officers unions fully cooperated by agreeing to forego many rightful benefits in the interest of the bank’s turn around. Smt. Ranjana Kumar built the edifice over the foundation laid by Sri.S.Rajagopal, with her characteristic flair of frequent communications with the staff of all cadre and by launching new structured loan products that clicked.
All because of dedicated efforts of staff and not MD and EDs.. Many lost their promotions for about decade paving way for juniors and inexperienced from other banks to come as MD and ED reaping fruits of our labour.. Today no one in Indian Bank is selected as MD or ED becoz BBB don’t know past history how bank turned around and sacrifices made.. Poor guys of Indian Bank who are always boss oriented
I agree with Shri Prakash Joshi.
The contribution of Shri MBN rao as .E.D under MRS.Ranjan KUmar and thereafter as M.D.after great job done by Mrs..Ranjana Kumar is immense. Mr. K.C.Chakraborty had also given a right direction to the bank during his stint by in it’s 100th year by going public. The sacrifices of the then employees, hard work were enumerated in her book by Mrs.Ranjana Kumar. mr.S.RajGopal was more interested in bringing down the image of the Bank and its executives and referring cases to CBI the innocent executives for faults of one man. Scuh executives are still fighting their cases in courts for no fault of theirs. The tenure of T.M>Bhasin is a recent one and has no role in turnaround of Bank.
The report is partially correct till Mrs Ranjana Kumar’s’ contribution
She was exceptionally professional and humane
She was ably assisted by General Mangers and others led by Shri MBN Rao. They are architects of revival. Mr Bhasin took over in 2010 when Bank was very healthy
He also contributed
Mention of CMDs after Mrs Kumar was essential in continued revival
History should be correctly recorded
Whole-hearted devotion coupled with
sincerity by most of the officers/award
staff led by the intelligent executives
have brought such a reputation to
the premier Swadeshi bank —
INDIAN BANK
The solid foundation for turn-around of the bank was laid by Sri.S.Rajagopal who headed the bank for 3 years from end 1995 to 1998.He tightened the administration in such a way that the credit to deposit ratio was brought down from an alarming 75%to around 55%.The deposits grew substantially during his tenure.But he was.unpopular due to his frightening administration creating a scare among the executives and officers.The employees and officers unions fully cooperated by agreeing to forego many rightful benefits in the interest of the bank’s turn around. Smt. Ranjana Kumar built the edifice over the foundation laid by Sri.S.Rajagopal, with her characteristic flair of frequent communications with the staff of all cadre and by launching new structured loan products that clicked.
All because of dedicated efforts of staff and not MD and EDs.. Many lost their promotions for about decade paving way for juniors and inexperienced from other banks to come as MD and ED reaping fruits of our labour.. Today no one in Indian Bank is selected as MD or ED becoz BBB don’t know past history how bank turned around and sacrifices made.. Poor guys of Indian Bank who are always boss oriented