UTI’s Fake 50 Year Celebration - Moneylife

UTI’s Fake 50 Year Celebration - Moneylife









Many things stated in Sucheta Dalal's article are true. But, it is also a fact that absence of
professionalism in management caused the slow and steady deterioration of the
functioning of a public sector organisation. Wrong persons found their way to
top positions in UTI with ease. The institution was ‘destroyed’ from within.
Some financial management experts should do a case study of the rise and ‘fall’
of UTI. Even the Unit-64 Scheme is worth studying. That scheme was also ‘destroyed’
by not bringing in innovations necessitated by changes in the environment in
which it was existing.

M G Warrier

 


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