.........Citizens have reposed a lot of faith in the Indian banking system. And this is also true in case of the inquiry procedures of banks, but can they expect that these probes will look beyond the procedural lapses in this particular case? If these banks intend to do so, first and foremost they will have to examine the organizational culture to which they subscribe. It is true that negative results in any quarter are unacceptable to all banks and employees and leaders need to achieve at least a double-digit growth in every segment. And one’s pay package is also performance-linked, heavily inclined towards variable pay. A one-line catch description of their organizational culture could well be do or die—either you perform or get sidelined..........
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