Thursday, January 14, 2016

RBI : Mr. Rajan seeks changes in work culture 14 Jan, 2016
Reserve Bank : RBI's Governor Raghuram Rajan has challenged the staff to improve the work culture at the 81-year old central bank, with more communication, less bureaucracy & the  openness to outside thinking, & improved compliance.

The imagery that comes to mind for critics is of a traditional unimaginative organization rather than a dynamic intelligent one," Rajan tells in report about the RBI's 17 K staff.

Our regulations are not always very clear & understood. Our Bank staff sometimes is neither well informed of our own regulations nor willing to help the customer.

Our responses are sometimes extraordinarily slow & bureaucratic," he also said. Rajan also expressed concern that the RBI was not seen as enforcing compliance.
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