Reflections, Ideas & Perspectives

Year-End Closing Festival: Banking Traditions of Manual Days

Before the 1990s, the year-end closing ceremony at banks in India held considerable importance, requiring extensive manual effort. The meticulous tasks of calculating interests, balancing accounts, and concluding the financial year not only fostered a festive ambience but also strengthened the bonds among employees. Despite the challenges of manual banking and occasional tensions among union leaders, the camaraderie and collective commitment are nostalgically cherished. While technological advancements have phased out these traditions, the spirit of those year-end festivities endures in the memories of those who were part of that era.

Leadership Journeys & Strategic Insights

Sweating Through Change: My First Major Reform in Banking

The narration reflects on my experience at Punjab National Bank during significant process changes in the 1990s. It emphasizes the challenges and responsibilities of implementing a new loan classification system amidst concerns about profitability. Ultimately, teamwork and commitment led to a successful transition, instilling trust and efficiency in the bank's operations.