If Duvvuri Subbarao had some anxious moments as
Reserve Bank of India Governor due to his deputy KC Chakrabarty's plainspeak
-on subjects ranging from interest rates to banker behaviour -Raghuram Rajan
can breathe easy. SS Mundra, the latest deputy governor appointed to the RBI,
is a diplomat in a banker's clothing. To hear Mundra in a conversation
without a microphone is hard, however close you are to him. But the glacial
softness conceals a will of steel -Mundra does not give up easily........
Read - ET
1 comment:
This is not an attempt to compare myself with Mundra. But to tell why I agree with the moral of the story that luck has a role in one’s career, I have to go back to my own entry to RBI as a clerk. In 1964, Madras Office of RBI could not shortlist my name for written test for the recruitment of Clerks/CNEs(Coin/Note Examiners) as I didn’t have high marks for my SSLC Examination. In Thiruvananthapuram RBI(where there were only specialised departments), recruitment was based on degree marks and I qualified in the written test. After the interview less than five candidates were selected, and I was not one of them. In 1968, I was still within the age limit when Trivandrum RBI recruited clerks after 1964 and I joined the Bank with a first rank both in written test and interview. Most of the time when Bank had an option, I was rejected in the first interview and selected second time. The Bank successfully rejected me in the last interview I attended(for F Grade) after which I opted for early retirement under an attractive(lucrative?) scheme. Even my medical fitness was an issue at entry point, and later in life I made some money writing about it(Fitness and Luck).
M G Warrier, Mumbai
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