Categories
Index

Borderless, June 2021

Editorial

Restless Stirrings… Click here to read.

Interviews

In conversation with Fakrul Alam, an eminent translator, critic and academic from Bangladesh who has lived through the inception of Bangladesh from East Bengal, translated not just the three greats of Bengal (Tagore, Nazrul, Jibanananda) but also multiple political leaders. Click here to read.

In conversation with Arindam Roy, the Founder and Editor-in-cheif of Different Truths, an online portal for social journalism with forty years of experience in media and major Indian newspapers. Click here to read

Poetry

Click on the names to read

Jared Carter, Geetha Ravichandran, Heena Chauhan, Michael R. Burch, Ruchi Acharya, Jim Bellamy, Bibek Adhikari, Rhys Hughes, Ihlwha Choi, Sutputra Radheye, Jay Nicholls, Geethu V Nandakumar, John Grey, Ana Marija Meshkova

Limericks by Michael R. Burch

Nature’s Musings

Changing Seasons, a photo-poem by Penny Wilkes.

Poets, Poetry & Rhys Hughes

In Never Knowingly Understood : The Sublime Daftness of Ivor Cutler, Rhys Hughes takes us to the world of a poet who wrote much about our times with a sense of humour. Click here to read.

Translations

Akbar Barakzai’s poem, The Law of Nature, translated by Fazal Baloch. Click here to read.

Kazi Nazrul Islam’s poem, Shammobadi (The Equaliser) translated by Shahriyer Hossain Shetu. Click here to read.

Tagore’s Amar Shonar Horin Chai (I want the Golden Deer) translated by Mitali Chakravarty, edited and interpreted in pastel by Sohana Manzoor. Click here to read.

To mark the birth centenary of Satyajit Ray, Ratnottama Sengupta translates from Nabendu Ghosh’s autobiography experience of Pather Panchali ( Song of the Road) — between covers and on screen. Click here to read.

Musings

An Immigrant’s Story

Candice Louisa Daquin tells us what it means to be an American immigrant in today’s world. Click here to read.

Navigating Borders

Wendy Jones Nakanishi, an academic who started her life in a small town called Rolling Prairie in midwestern US, talks of her journey as a globe trotter — through Europe and Asia — and her response to Covid while living in UK. Click here to read.

I am a Jalebi

Arjan Batth tells us why he identifies with an Indian sweetmeat. Click here to read why.

The Significance of the Roll Number

Shahriyer Hossain Shetu writes of ironing out identity at the altar of modern mass education. Click here to read.

Musings of a Copywriter

In Creative on Campus, Devraj Singh Kalsi with a soupcon of humour, explores young romances and their impact. Click here to read.

Adventures of a Backpacking Granny

Sybil Pretious visits volcanoes and lakes in Frenetic Philippines. Click here to read.

Essays

Here, There, Nowhere, Everywhere

‘Did life change or did I change from the events of the last year,’ ponders New Zealander Keith Lyons who was in the southern state of Kerala when the first cases of Covid-19 were detected in India last January. Click here to read.

The Story of a Bald Eagle & a Turkey

A photo essay by Penny and Michael B Wilkes on the American bald eagle to commemorate their Independence Day. Click here to read.

The Day Michael Jackson Died

A tribute  by Julian Matthews to the great talented star who died amidst ignominy and controversy. Click here to read.

Remembering Shiv Kumar Batalvi

Amrita Sharma has written a memorablia on the Punjabi poet, Shiv Kumar Batalvi, who wrote in the 1960s. Click here to read.

Tagore and Guru Nanak’s Vision

Parneet Jaggi talks of the influence Guru Nanak on Tagore, his ideology and poetry. Click here to read.

Bhaskar’s Corner

In Amrita Sher-Gil: An Avant-Garde Blender of the East & West, Bhaskar Parichha shows how Amrita Sher-Gil’s art absorbed the best of the East and the West. Click here to read.

Stories

Flash Fiction: Peregrine

Brindley Hallam Dennis tells us the story of a cat and a human. Click here to read.

The Crystal Ball

Saeed Ibrahim gives us a lighthearted story of a young man in quest of a good future. Click here to read

The Arangetram or The Debut

Sheefa V. Mathews weaves lockdown and parenting into a story of a debuting dancer. Click here to read.

Ghumi Stories: The Other Side of the Curtain

Nabanita Sengupta explores childhood and its experiences. Click here to read.

The Literary Fictionist

Sunil Sharma explores facets of terrorism and its deadly impact on mankind in Truth Cannot Die. Click here to read.

Book Reviews

Neelima Dalmia Adhar’s The Secret Diary Of Kasturba reviewed by Meenakshi Malhotra. Click here to read.

Shrilal Shukla’s Fragments of Happiness translated by Niyati Bafna and reviewed by Rakhi Dalal. Click here to read

Bhaskar Parichha reviews Transformational Leadership in Banking edited by Anil K. Khandelwal. Click here to read.

Book Excerpt

An excerpt from Enter Stage Right by Feisal Alkazi with a visual of young Alkazi dancing in one of the earliest discos of New Delhi. Click here to read.

Categories
Review

Transforming Banking Practices

Book Review by Bhaskar Parichha

Title: Transformational Leadership in Banking

Author: Multiple. Edited by Anil K. Khandelwal

Publisher: SAGE Publications/ New Delhi, 2021

India’s banking system, as it has evolved in the past two hundred years, is a mixed bag. It has cooperative banks, domestic financing institutions, scheduled commercial banks, regional rural banks, pre-reform traditional private sector banks, tech-savvy private banks, and foreign banks. One can add to this protracted list are the newer entities — small finance banks, payments banks, and the large number of mobile applications.

Even as India’s banking sector has expanded tremendously in the past few years, there is a lot to be desired from these financial institutions. Banks have, of late, been the government’s whipping boys, and the so-called reforms have only been half-baked. Bank mergers have taken place but they are yet to show up on their balance sheets.

While Non-Banking Financial Companies (NBFCs) have grabbed the space vacated by commercial banks, financial stability of banks is at crossroads. Monitoring and supervision have fallen drastically, reflecting in the persistent growth in Non-Performing Assets (NPAs). Post -Covid, there is an unfathomable shadow on India’s banks. It is in this scary backdrop that this book carries enormous importance. Transformational Leadership in Banking: Challenges of Governance, Leadership and HR in a Digital and Disruptive World by Anil K. Khandelwal comes in handy for the beleaguered leadership of the banking sector.

A thought leader, author, international speaker on leadership and governance, Anil K. Khandelwal is an acclaimed authority on human resource and leadership in the banking sector. He is a rare transformation leader. Transforming Bank of Baroda from a staid Public Sector Banks (PSB) to one of India’s most valuable international banks won him many awards, including the Asian Banker Singapore’s Lifetime Achievement Award. His brand of human resources leadership and its application in business turnaround also won him the Lifetime Achievement Award from the National Human Resource Development Network. He also chaired the government-appointed committee on HR in PSBs and was a member of the first Banks Board Bureau for banking reforms and selection of whole-time directors.

The book, as the blurb says, “offers a roadmap on leadership which is all about converting adversity into an opportunity for transformation. Through an excellent set of articles, case studies and interviews, this book offers a way forward for transformational leadership of the Indian banks.” Despite their many achievements, public sector banks continue to face several challenges, such as increasing non-performing assets, depleting market share and low market capitalization.

The volume is comprehensive because it deals with almost all aspects of Indian banking. With a Foreword by former Comptroller and Auditor General of Inida, Vinod Rai, the book has three parts. In part I there are essays from academics and practitioners. Part II deals with case studies. The last part deliberates on perspectives from experts. With  more than thirty chapters — each chapter contributed by a doyen in the banking sector and the academics — the 500 plus page book is clearly laid out with  sections on governance, leadership, human resources and of course the future of the banking environment

In the introduction, Dr Khandelwal writes: “The book comes at a time when Indian banking is undergoing crisis.” It gives a strong message that banks become robust institutions by addressing governance, leadership, talent and culture. The author’s argument is that the banking sector is likely to remain in a perpetual crisis mode, unless these measures are initiated immediately. 

The book, as the titles suggests, is on leadership in banking. Evidently, it has chapters on changing context of governance and leadership in public sector banks, the digital revolution, future of work in BFSI (Banking, Financial Services, and Insurance) organisations, human capital and ethical bank governance, leadership choices in building better governance in the context of regulation or culture, strategic human capital management and banking governance (unexplored symbiotic relationship in PSBs), honoring legacy while embracing evolution: (the ethics narrative in State Bank of India), leadership experience and fifteen actionable insights from the trenches, organizational transformational and an agenda for Indian banks, coaching and mentoring in the backdrop of the unsung and underutilized warriors of leadership development, grooming leaders in public sector banks, crafting and living in  bank culture et al. 

There are also some illuminating pieces on leadership in times of crisis. For example, lessons from COVID-19. Employer branding to build human capital advantage, trade unions in the digital economy, skilling  a new currency,  a new manifesto for chief human resource officers in the era of digital change, wellness and yoga investment for the bankers,HR as strategic business partner in SBI ,sustainable people processes and leadership development in Bank of Baroda, the human resources story of ICICI Bank, digital transformation of HR at Union Bank of India, fear psychosis in the executives, and  bank directors require training in specific areas of technology are the other chapters which make a value addition to the book.

In the context of competition and digitalization requiring new business models, the book argues for a fundamental shift in the structure and process of governance, including board-level autonomy, CEOs tenure and compensation, people process, talent development and building a leadership pipeline, to make banks resilient and future-proof. 

Transformational Leadership in Banking is both well-timed and edifying. With admirable standpoints on the issues of authority, management and HR in a digital environment, the book is a clear blueprint for makeover and restructuring. The book is, mostly, meant for public sector banks, and will be of immense value to policymakers, regulators, board members, CEOs, researchers and to all those who are  in  the leadership roles and the public on the whole. 

Dr Khandelwal’s book makes an overriding case for crucial and cohesive reforms in India’s banking sector. It offers timely solutions by focusing on several issues. A must-read for anyone interested in the well-being of Indian banking.

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Bhaskar Parichha is a journalist and author of No Strings Attached: Writings on Odisha and Biju Patnaik – A Political Biography. He lives in Bhubaneswar and writes bilingually. Besides writing for newspapers, he also reviews books on various media platforms.

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