PNB scam: Sensationalizing crimes
Protect institutional integrity
What is now commonly known as PNB scam is shaking people's confidence in the Indian Banking System, thanks to the media efforts to cash in on sensationalizing crimes.
Communities world over have lived with certain levels of corruption and unethical practices across every stratum of hierarchies for ages. This observation is not meant to justify PNB scam. The emphasis is on the futility of expecting insulated compartments in sectors or organizations which will be immune from the ills prevailing in the society at a particular point of time.
Having said that, let me recall a portion from a brief New Year Message circulated among his colleagues by RBI Governor Urjit Patel in January 2017. It reads:
“….let me emphasize that one thing we should all zealously guard is the integrity and reputation of our organization and any act belittling the same should deserve zero tolerance from all of us…”
PNB is the second largest public sector bank in India. If things have gone wrong in one pocket or some pockets, definitely quick corrective action should be taken. But that should not affect the morale of the organization and no negative signals should emanate about the integrity and trustworthiness of Indian Banking System. There are talks about the public sector and private sector. Corruption has no reserved constituencies.
In sum, whatever be the operational modalities, the surgery in PNB should be restricted to identifiable malignancies and should be carried out with minimum damage to the net-worth and reputation of that bank. Banking business, like the diamond business, is dependent on the faith of the clientele in the service provider.
M G Warrier, Mumbai