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Excellent hot whispers that turn out to be true. J Dayanand ONLY SOURCE TO REACH THE DECISION MAKERS ADVERTISE ON-WHISPERSINTHECORRIDORS.COM Six areas have been identified by Subodh Kumar Goel, Chairman cum Managing Director (CMD) of the UCO Bank, for improving efficiency of the staff & enhance reputation of the bank further. For Goyal motivating the workforce comes first then other things follow. In an interview to <whispersinthecorridors.com>UCO bank's CMD Goel said "I am fully committed to my assignment always. I carry my team along with motivation for their high level of contribution which will lead to better performance and success. This is the secret of my success." Replying to a question Goel said "we have initiated steps where we are State level Bankers committee (SLBC) conveners to achieve 100% financial inclusion. I am confident that we will achieve the same and it will be beneficial to the customers and for us too as it will increase our business and profits too." Here goes his interview: 1/What is going to be your priority area as CMD of UCO Bank? Please list two such areas. A- Banking is a service industry. For an institution functioning in the service sector human resources are highly critical. Further more, for banks deposits are the lifeline. Even in deposits the low cost deposits are more important for bringing down the cost of deposits. In view of the above, the areas on which I will be according top priority are (1) To build up a team to work for a common goal and to explore the potential to take the bank to a higher position than it had occupied at the time of nationalization and till 1980's (2) Maximize CASA. Presently CASA is too low @ 28% of total deposits. I would like it to be at least 35%in a year's time and to minimize Non performing assets (Non performing assets (Non performing assets (NPAs) to 2% of gross advances and 1% of net advances. 2/What is the secret of your success? A- "The only place where success comes before work is in the dictionary". There is no short cut to success, Success follows who are tenacious and who works hard and smart and utilize the opportunities and exploit the available potential. I believe in hard work. I am fully committed to my assignment always. I carry my team along with motivation for their high level of contribution which will lead to better performance and success. This is the secret of my success. 3/What new initiatives you intend to take in the UCO Bank? A-I plan to introduce new initiatives in the areas of (i) personnel and industrial relations; (ii) strengthening of our Regional Offices specially where we are having the SLBC responsibilities; (iii) treasury operations; (iv) NPA control and recovery measures (iv) improving the standard of customer service (v)quickening the process of CBS rollout. 4/In what way inclusive banking & profitability be synergized? A-It is estimated that a large number of common people at the bottom of the pyramid have not been brought under the purview of organized banking sector. There is vast scope of business opportunities. This system of banking has proved successful as well as beneficial to all concerned where it was actively followed. In view of the above and also the fact that there is need to bring all the people into the orbit of the banking sector. We have initiated steps where we are SLBC conveners to achieve 100% financial inclusion. I am confident that we will achieve the same and it will be beneficial to the customers and for us too as it will increase our business and profits too. 5/Can you tell us at least one way of fighting unemployment at grassroots both in urban and rural pockets? A-Unemployment is a serious problem the country has been facing. There is large scale unemployment in rural and urban areas. Banks play a vital role in addressing this problem by providing credit for productive sectors. The credit provided by banks to industries, either. Big, small and medium enterprises provide large scale employment opportunities. In addition, banks also provide direct financing to agriculturists, self-employed people, professionals and self help groups which offer them self employment opportunities. 6/How do you like to chill out & what is your hobby? A-I enjoy listening music and reading books. I also spend my time with my family and occasionally go out for relaxation. I visit temples quite often and derive moral strength to perform my duties in an efficient manner. Several states agree for tenure postings 1989 batch IAS frozen 1982 batch IAS promoted in Gujarat IAS postings in Himachal Pradesh IAS reshuffle in Manipur Satish Sharma to be Judge of MP High Court Ázad is new News Channel New news channel "Azad" owned by a few NRI's is being launched soon. Guite to be Jt Dir in Deptt of North Eastern Region(DoNER) IFS transfers in Rajasthan Prashant Mishra new AG of Chhattishgarh Col Rajneesh Sharma gets DIG rank Ashish Tambe joins as PRO NMIMS Maitra is no more Dorji to be Correspondent in Kathmandu Khajan Singh is PCCF in Andman Nicobar G Bhuiyan PMG (BD & Mktg) Jaipur MP Tourism Corporation gets award Indian Civil Aviation Minister Praful Patel is presenting "Most Tourism Friendly Award"to Ashwani Lohani Managing Director of MP State Tourism Development Corporation(MPSTDC)during silver jubilee function of "Association of Indian Tour Operators"in that concluded in Delhi on Monday.MP Government's Minister for Tourism,Sports & Youth Welfare Tukoji Rao Puar has hailed the award & congratulated officers of the state for the award.The MPSTDC also bagged prizes for "Best Pavillion"during the conclave & best video compact disc (VCD)on places of tourists interest. Tea party hosted by Punjab IAS officers Association The Punjab State IAS Officers Association hosted a well attended farewell tea party at Chandigarh in the honour of Shri K.R. Lakhanpal, Shri R.L. Kalsia, Shri K.S. Kang, Shri M.G. Acharya and Shri Sukhpal Singh Gill, all IAS officers who had retired recently IRAS changes Dr.Alok Shukla bereaved Dr.Alok Shukla Secretary Food & Civil Supplies & Chief Electoral Officer(CEO) of Chhattisgarh has lost his mother Dr.(Mrs.)Shashi Shukla. BP drugs cut death rate in diabetes The largest-ever study of treatments for diabetes has shown that a
fixed combination of two blood pressure(BP)lowering drugs reduce the
risk of death, as well as the risks of heart and kidney disease. Results
from the ADVANCE (Action in Diabetes and Vascular Disease) study were
presented at the European Congress of Cardiology in Vienna.One of the
study leaders was Professor Stephen MacMohan from The George Institute
for International Health Sydney.Professor Nikhil Tandon from the All
India Institute of Medical Sciences(AIIMS)who played a key role in the
investigation said "the ADVANCE study is the largest clinical trial
ever performed in patients with type 2 diabetes, with over 11,000 patients
worldwide, and will provide important information for India about the
effects of blood pressure lowering, in a broad cross-section of high-risk
individuals with type 2 diabetes." This is importantit is estimated
that India has 30-35 million people who are diabetic. Air Commodore takes over
FORUM Do not worry about missing the bus Apropos the whisper,"123 agreement may be buried", I wish to state that we won't be missing much if that happens. After going through the text (thanks to M Lal and Sameer Chadha) I can say that the 'no-gains' far outweigh the 'gains'. True, the agreement affirms that India and US are "two States possessing advanced nuclear technology", it willy nilly tends to FORCE India into a long term 'strategic partnership' more suited to the US than to us and that too on terms that are certainly not equal. The paradigm shift the agreement involves in our concepts of friends and foes in the field of foreign policy is as substantial as the change in the direction of "Quibla" in the history of Islam. It would be wise if such historical changes aren't brought about in a tearing hurry. The timing should definitely be better than the present one as the Indian Parliament and the US Presidency are in the last leg of their current term. Let's not worry about missing the bus. Sometimes you get lift in an AC car after you miss the bus. N N Ojha What next ? IAS-Central Services-CSS-CSSS - what next - CSCS and Peons's Service? (But why not? I think we have had enough of this 'me too' thing. What to talk of Services, every single Government employee has an important place, according to the role assigned to him/her in the scheme of things. The problem arises when we look at someone's else's platter and start drooling at the supposedly better dish served to him/her. Let's each be content with our own desserts. And what is this unseemly fracas about CSS and CSSS? CSS is CSS and CSSS is CSSS. Has anybody every heard of a CSS officer bickering that he/she does not have any chance to become Private Secretary/Principal Secretary or Senior Principal Private Secretary. Suman K Sharma TAIL-PIECE Height of kanjoosi-A bania's house has caught fire and he started giving missed calls to the Fire Brigade. Contributed by -Amol Ghosh Aaj Ki Aaawaz Bharat Kumar ------------------------------------------------------------------------------------------------- Sridharan is Convener of Planning Commission Panel R Sridharan, Adviser (FR), Planning Commission, will be the Convener of 12 member high- level committee on financial sector reforms set up by the Planning Commission. Shetty is ED of ARC Devasis Bose is MD & CEO of Cresta Arms Debashis Boseis now going to be Managing Director(MD) & Chief Executive Officer(CEO) of Arms Crestra.This his partnership venture with Reet Singh Ahluwalia Chairman Arms Group.So far he was CEO, Hakuhodo Percept. Ramanuj Shastri tipped to be NCD of Rediff As the grapevine has it Ramanuj Shastri is tipped to be National Creative Director(NCD)at Rediffusion DY&R.He was serving the Publicis Ambience,in the same capacity where from he has resigned. Kajaria Ceramics to issue preferential warrants The Board of Directors Kajaria Ceramics Limited has approved to issue Preferential Warrants to the Promoters/ Promoter's group.The company intends to issue 1,27,00,000/- convertible warrants at Rs. 30 per warrant (as per SEBI guidelines)to the promoters.This aimed at improving the debt/equity ratio for leveraging to borrow funds for general corporate purpose including the future capex/working capital requirements of the company.It may be stated that Kajaria Ceramics is the largest manufacturer of ceramic wall and floor tile in the country with a capacity of 26.4 million square meters per annum and is the only Ceramic Tile Company in the country conferred with "Super Brand" status. Amrit Rai joins Jive Network Amrit Rai has joined Jive Network as Vice President-Business Development and Strategic Alliance. Quick action helped douse Bokaro CR Mill fire |
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Dr
Suresh Mehrotra has his lips sealed, if you have any whispers then send it to
us |
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