1992: When the Harshad Mehta securities scam shook India, electronics engineer Ajay Kanwal, with a management degree from University of Mumbai, was in a cushy job at Citibank. He watched the scam unfold and saw how deeply troubled rival Standard Chartered Bank in India was. The UKheadquartered bank had to sell a couple of its buildings and bring in money to stabilise its operations in India. But Kanwal admired its resilience when the chips were down. It stood firm throughout the crisis. So, amid this turmoil, Kanwal took up a job at StanChart.
2014: When Kanwal took charge of Korea First Bank, one of the most expensive acquisitions of StanChart ( for $3.3 billion in 2006), he faced significant challenges. While the acquisition was made to strengthen the bankâs presence in South Korea, then Global CEO Peter Sands was often asked by investors when the bank would turn around. Upon arriving at the bankâs headquarters, the guard escorting Kanwal suggested entering through the back entrance due to a protest by the employeesâ union. But he decided to take the front gate. Known as a âsolution and growth managerâ, Kanwal quickly assessed the situation and devised a plan. Within six months as the Regional CEO for North East Asia, he suggested appointing a local CEO to improve communication and gain the trust of the employees. The strategy worked, and the bank soon turned around.
ãã®èšäºã¯ Business Today India ã® August 04, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ Business Today India ã® August 04, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
RIDERS OF THE STORM
As extreme weather events rise, the demand for parametric insurance is growing among companies looking to hedge against climate-related risk in their portfolios. How successful will this be?
CLIMATE CHANGE ON MY PLATE
Frequent heatwaves, high night-time temperatures, unseasonal rains, and floods are impacting cropping cycles and food prices adversely. Food inflation, once a seasonal issue, is now a persistent problem hitting consumer demand. Is there a solution in sight?
"We will cross â¹10,000 crore in FMCG revenues by 2027"
Angshu Mallick, MD & CEO of Adani Wilmar Ltd, on the company's plans, the FMCG business, and more
PSUs PROPEL TO PROFITS
PUBLIC SECTOR UNDERTAKINGS (PSUS), ONCE CONSIDERED WHITE ELEPHANTS, HAVE MANAGED TO STAGE A SMART TURNAROUND IN RECENT YEARS WITH INITIATIVES AND REFORM MEASURES TAKEN BY THE GOVERNMENT BEARING FRUIT
REIMAGINING DIAGEO INDIA
AFTER ACQUIRING UNITED SPIRITS IN 2014 AND CLEANING UP ITS BALANCE SHEET, UK-BASED ALCOBEV GIANT DIAGEO IS BUSY CONSOLIDATING ITS POSITION IN INDIA THROUGH A FOCUS ON PREMIUMISATION, STRATEGIC BUYOUTS, AND INNOVATION
Reasons To Be Bullish
The building blocks are in place for 7-8% growth for a prolonged period; Indiaâs focus should be on sustaining this momentum to become a developed nation
India's Stock Market Revolution
India is on the way to a 45-trillion stock market, fuelled by rising investor participation, technological advancements, and economic growth
"Giving up is easy... fight harder"
As a working mother, the challenges are many but for me the toughest was emotional pain or âmom guiltâ.
A PRESCRIPTION FOR CAPITALISM
PART ECONOMIC HISTORY AND PART COMMENTARY ON RECENT ECONOMIC EVENTS, SHARMAâS BOOK IS ALMOST A FLY-ON-THE-WALL ACCOUNT, AT TIMES
PASSION PLAY
If you're serious about photography or crazy about gaming, here are two devices that will help you indulge in your passion