Strategic Consultant
Over four decades, I have learned that true mastery comes from experience, shaped by challenges and reflection. Initially driven by ambition, I discovered that life is not a competition but a symphony where I, as both composer and performer, appreciate the nuances and rhythms of existence, finding wisdom in every transition.
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.
The Trade Bank of Iraq (TBI) transformed the country's banking sector through the adoption of a centralized core banking system in 2010, despite political instability and infrastructural challenges. The system, implemented in partnership with London-based Misys, revolutionized daily banking operations, such as deposit management, trade finance, and financial record keeping. The initiative marked a significant milestone for Iraq's banking, facilitating financial inclusion and digital innovation, and set new standards for efficiency and accessibility in the sector.
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.
Indrajit Roy Choudhury 