Page 223 - A Banker Down the Rabbit Hole

of their board for which they have to call a special board meeting and
that would not be feasible currently.

I returned and updated him with the status. He called up the concerned
VP in Export Department to either sign the documents as he had assured
at the time of requesting for additional drawings of Rs. 80 lakh over and
above Rs. 10 Crore normal sanction or he should adjust the additional
overdrawing in a couple of days. The client company were big brand
Indian manufacturing company and they paid back the excess borrowings
in coming 3 days. I was wondering such a careful person with huge
experience at his age and capacity did not know that documents cannot
be signed by a company just by sending them a set of documents right
away, that also through an attendant. Then he would implicate his officers
for no fault of theirs.

Insights from the episode

Any episodes can throw an opportunity for personal or professional
learning.

— z —

220 | A Banker down the Rabbit Hole