Page 28 - Banking Finance September 2021

ARTICLE

work approach, integrating new things, the new normal and to the families and their needs and innovations are
the situation overall. Listening had been an important trait, demonstrated in finding win-win solutions for all.
however listening empathetically gained renewed
importance. O- Optimistic & opportunistic - Figuring out
opportunities to get the highest results has always been a
N - Nice, Noble, Natural. The aspects of being nice and key focal point. The pandemic forced leaders to incorporate
noble in a natural and effortless way was the endearing optimism and positivity in their way of being and being
display of true fortitude. Being sensitive is not a task solution oriented. While the loss has been similar, and the
assigned or a benchmark, it is a basic unit of humane circumstances identical, conscious leaders have been finding
behavior that a conscious leader exhibits at the core. and creating opportunities and turning things around.

S- Soft hearted. Softness does not imply being weak or U - Understanding & unbiased - Although being
only considering the emotional aspects of human resources. understanding and unbiased has always been in
It seeks to stand as being empathetic and providing smart implementation; the current times have called for them
solutions to the constraints that the team may face, as well becoming a way of life. We were in the same run, with some
as preempting the issues that may exist and providing solace being more stuck than the others. This brought about an
for the same. Sometimes, a pat on the back or an expansion in horizons and an open thought process breaking
encouraging word is all we need to elevate a morale. Times free from narrow mindsets.
have been difficult, and losses have been personal, the
softness and cushioning is thus like an unsaid mandate. S - Serene - To maneuver the situation, the leader has to
be serene and calm. Boils down to how calmly one handles
C- Concerned, compassionate and courageous. the situation. Laughing in the face of danger while ensuring
Being concerned about the mental well-being of employees that being brave does not mean we went looking for trouble,
and exhibiting compassion towards those needs. This was a difficult equilibrium to achieve.
approach does call for being courageous to incorporate
unprecedented decisions, like work from home, and To conclude, I would like to express that conscious leadership
restructuring targets that was earlier never in consideration is the futuristic evolution of leadership approach globally.
but now have been directly implemented and adapted to; While I strongly hope that the world quickly free's up from
rather forced on us. the clutches of this deadly pandemic, I look forward to seeing
more and more leaders synergizing this new approach with
I-Inclusive & Innovative - in finding different ideas and their unique styles of leadership to create a better work
solutions to the existing challenges. Inclusion being extended environment and valuing humans and humanity at large. T

RBI imposes penalties on three co-op banks

The Reserve Bank of India (RBI) imposed monetary penalties on three co-operative banks for violation of rules. These
banks are SeyadShariat Finance Limited, Tamil Nadu, Muslim Co-operative Bank, Maharashtra and
JijamataMahilaSahakari Bank Maharashtra, the RBI said

The RBI imposed a penalty of Rs 3 lakh on Jijamata bank, Rs 2 lakhs on Muslim Co-operative Bank and Rs 5 lakh on
SeyadShariat Bank, the release said. The regulator conducted audits of these banks and the penalties were based on
the findings.
In the case of Seyad Bank and Muslim Co-operative Bank, the rule violations pertain to Know Your Customer norms
while in the case of Jijamata Co-operative Bank, the violations are related to exposure norms.

The RBI has been cracking down on co-operative banks for violation of rules and poor governance standards. The
regulator has cancelled the licences of at least three co-operative banks in the last two years.

28 | 2021 | SEPTEMBER | BANKING FINANCE