Professionalism in Banking

There is often discussion that banks should be run in a professional manner. This means operations should be based on expertise, rules, systems, and accountability not on personal pressure, connections, or informal practices. This issue is frequently raised in the context of urban cooperative banks, where excessive interference from management, boards, and local influences is sometimes observed.

There is often discussion that “banks should be run in a professional manner.” This means that the functioning of banks should be based on skills, rules, systems, and accountability, rather than on personal influence, relationships, or informal practices....(To continue, open the magazine)