Were these
“ honest “ decisions
?
Over the past few years , CEO / MD of leading banks (
both public and private ) , have taken decisions to advance thousands of crore
of rupees to industrialists / businessmen
Some Rs 9 lakh*crore of these loans have now turned
into NPA and questions are being asked :
“ Were these
honest decisions ? Were these decisions taken without any
conflict of interest ? “
Now , we know that thousands of years ago , even Sati
Sita’s fidelity to Lord Ram was doubted !
So , no matter how “ honest “ were those decisions by the
bankers , public may have a “ perception “ of dishonesty
And SEBI / RBI / ED / CBI / Board of Directors of concerned
banks / external auditors etc , have to conduct detailed / searching
investigations , to establish the “ honesty “ ( - or otherwise ) of those
decisions
That process has to be gone through
But it would have greatly helped those CEO / MD , had
they filed an “ DECISION DOCUMENT “ ( one for each loan ), as suggested in my
following 4 YEAR old blog ( sent as email to all Cabinet Ministers )
21 June 2014
To err is human
To forgive is divine ( provided it was a honest error )
All of us keep making errors , all the time
But rarely same " mistake " twice
Often , decisions taken at a point of time , turn out to be " poor " , with passage of time
Reasons are simple :
* We never have all the information - relevant to the problem we are trying to solve –
available with us , at the time of taking a
decision
* Even when most of such relevant info is available , we may not have the capacity /
competence to " process " such info
* As humans , we have our biases / prejudices , based on our previous experiences ,
which
influence our decisions
* Quite often , and often against our own better evaluation / judgement of a given
situation , we are wrongly influenced by our
peers / bosses / subordinates or even
voters
- all of whom have different expectations / vested interests !
* Additional - and more relevant - information surfaces , AFTER we have taken a
decision ( happens all the time ! )
To encourage Babus and Ministers to take FAST decisions , Narendra Modi must insist that they carefully " Record " on the files :
* What info / data he wished was available for a better decision
* What different " views / opinions " were presented to him for consideration
* What " Data / Views " he would have obtained if he had more time
* Who all , the decision might offend
* What is the likely " Cost " of postponing that decision
And finally a declaration :
* This decision is not likely to benefit any of my near relatives / friends , directly or
Immediately
After all of this , if the decision appears to be " Wrong " in hindsight , it must be " forgiven " and treated as an honest error
To err is human !
=====================================================
18 April 2018
www.hemenparekh.in
/ blogs
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