Procrastination and Creativity

Yes, you read it right. Procrastination can actually make us more creative, according to Professor Adam Grant. The management professor at Wharton School of Business has highlighted the benefits of procrastination — especially for making us more creative. He told BBC Radio 4, “To be original you don’t have to be first. You just have…

Digitalization of Banking

Just like the opening lines of Hamlet's famous soliloquy in Shakespeare's play of the same name, "To be or not to be, that is the question," another question is being asked in that familiar way about the terms digitize vs. digitalize. ‘Digitization’ and ‘digitalization’ are two conceptual terms that are closely associated and often used…

Consolidation of Indian Banks

Services at around 80,000 bank branches in India were hit today as employees of public sector banks went on a one-day strike to protest against consolidation of public sector banks through mergers, and other issues. Consolidation is a recurring theme. There was a discussion in 1990s on consolidation large banks and small banks. New Bank…

Principles vs Rules

Today, we were discussing on principles and rules when one of our friends sent a video clip on WhatsApp, which was a part of an interesting episode from Business Sutra by Devdutt Pattnaik. A principle internally motivates you to do the things that seem good and right. People develop principles by living with people with principles and…

Why do we make bad decisions?

Do we pride ourself on being a good decision-maker? Well, chances are we aren’t one, and don’t even know it. Like everyone else, we’re subject to cognitive bias, a limitation in our thinking brought about by errors of memory, miscalculation or social attribution. Not all biases are negative, however. The placebo effect, for example, is important in the search for new medicines.…

Peechhe Dekho, Aage Barho

Around three decades ago, I was a fresh recruit — a probationary officer in a public sector bank in India. Many of my seniors spoke about the critical importance of adhering to the PDAB principle in bank. What I was explained was the principle of "Peeche Dekho, Aage Barho" (पीछे देखो,आगे बढ़ो), which in English…