Thursday, November 21, 2013

World Bank President Jim Kim endorses the 100 Million Project #PaP2013 (...

Building the Ecosystem for Financial Inclusion while Protecting Clients ...

Saturday, November 9, 2013

World Bank President Jim Kim endorses the 100 Million Project #PaP2013

Building the Ecosystem for Financial Inclusion while Protecting Clients ...

Friday, June 28, 2013

the most adorable Prof, that i have ever met !

Prof Claudio Gonzalez Vega...what a pleasure to meet and interact !  

My workouts have started !

Bulging waistlines, aching legs, receding hairline, soaring lipid profile, re-positioning discomforts, double/triple chins, dropping eyesight et al accompany me!
 So I have seriously started eating only 4 times a day, sitting only 6 hrs in the chair, watching only 4 hours of TV and exercising once a week .........

God bless ….all should recede, shrink and improve …. Keeping legs crossed !!

Wednesday, April 24, 2013

Here is something that i loved. YES ...we cannot replicate !

I love being where i am ! that is not status qouish statement  !!

I love serving the organization that i served this long (NABARD). It has done so much for helping / grounding thoughts, allowing rural / social innovations and social enterprises in hinterlands. Perhaps unparalleled in the country...its a 100 % CSR company ...yes paying taxes too to the exchequer – figuring in the top 50 tax payers consistently  . But NO tokenism about our development work ; we virtually plough back all the profits we get into development spending …in the unending search for solutions and answers. But , an organization of this kind is still unheard of in the public and market space...yes, we may be a bit sarkari in approach in terms of the time taken ( I can assure you it could be far less than a World bank or ADB) we just donot market ourselves, we are shy, that's how we were groomed, do your job , that's all .

I was privy to a presentation by an IIM Prof, who did a study of my organisation...independently , no financial support , just logistical support to show where project areas are. He covered 10 projects PAN india , took 1.5 years for the field study , did no IRR , ROA analysis, but did a well being analysis from a client perspective . Believe me he said “ you guys are non-corruptible ; you have no understanding of the trust capital you have gained with communities” it is unparalleled I have never seen anything like this in my over 3 decades of work”

I slept very well that day, my respect of what we do and the organization that I work just leapfrogged that day  . He did visit tribal livelihood projects, watersheds which we have supported ( a part of the 2 million ha we support)  , some SHG aggregation models, our rural innovation projects etc etc . He said he is writing a book about it.

Well amidst all this hunky-dory stuff there are some that failed , which he documented ..YES, even if don’t document success ; we should record our failures, its rates and the reasons for failures. That is a greater lesson..least discussed..........

The real truth even in social enterprises and innovations is that ""man""matters the most . When we scale up a good pilot lesson to slightly visible scales ......we could get everything right, the project, funding, logistics, stakeholder support etc but may not get the right human beings that piloted the success. The underlying thing..."we cannot replicate human being" well even clones don't help.

Listen to this guy's spirited talk ...just great . He made my day!!! Thanks pallotta !.. You inspired me to scribble these few words too.....

Monday, March 18, 2013

the inside story of money laundering

The cobra post sting on money laundering facilitation by banks has stirred a hornet nest in private banks ....the mighty 20 year old banks like, ICICI Bank, HDFC Bankand AXIS Bank of the country circumventing KYC norms is a piece of the pie. 

KYC – for many clients is a different ball game . For the poor with Rs 500 in hand to open savings account it is a dampener, with endless documents being sought which they have never heard in their life and for the richy rich KYC is an enabler ….the banker will enable it for you, if you have Rs crore + with you to open yet another saving account. What a pitty, but, that’s is the irony !... but why would the crore plus need a new account now ...where was this money floating outside the banking system? Should this not be caught in the STR ( suspicious transaction account which banks sent FIU(Financial Intelligence unit)of the banking system- if liquid cash is brought it ???????

The recent report of ICICI Bank suspending 18 officials at the lower level smacks of discrimination and bais. officials at the lower level are often made scapegoats . it is the case of ICICI screwing up the job of 18 officials because of the cobra bite ! They normally don't violate norms of this nature of diluting KYC without a nod from the top. As somebody said “ The observance of KYC norms is done only where it is convenient to the bank” . Smaller customers are harassed with KYC “ kill your customer” norms and big fish is baited with “ kneel-down for the Customer” norms.

Private banks are no holy cows “ they have mopped up crores of deposits....their deposit growth needs a closer investigation ...a granular analysis which the KCC says ( KC chakravorthy) . many say private banks grows faster it is because the PSU banks are inefficient. It may be good for FIU to study these deposit accounts. It is time to enable the CBS ( Core banking solutions) to generate the Suspicious transaction reports on line to FIU. That’s is self generated reports ? you will find many purtis and non-purtis … with crores being directed from a shanties and basties. IT is ultimately the technology that can bring transparency to the fore ! 

Saturday, February 2, 2013

Works at NABARD for poor HH / was Research Affiliate at CDS, Tvm / was Visiting Faculty on microFinance for MBA students NMIMS, Mumbai.