Essays on rational absurdity of banking
How power, culture, control, and governance shape the behaviour and credibility of financial institutions.
It seems obvious that any organisation will need to evolve in line with customer needs and competitive pressures. While ideas of change may be inspiring, execution without culture prep will deflate them as easily. Here are some lessons I have learned the hard way
The question of permitting Non-Financial Corporates (NFCs) into banking is well debated. While the jury is still out, the bias is clearly towards ‘NFC ownership of Banks is bad’. However the existing template of bank licensing that excludes NFCs’, is not without loopholes either. The moot points, therefore, are – does NFC ownership significantly increase the existing risks? and, can the risks be mitigated? In this article, we probe these questions, making a case for having NFC owned banks
Many in the banking industry have talked about the amazing cost savings that WFH brings. But beyond some savings, there are many costs we may have paid too. Amit Balooni evaluates the impact this may have on the risk management culture in banks
With the moratorium behind us, the attention is now on how the loan portfolios will behave. Sumit Kakkar identifies three crucial things that banks need to monitor closely.