Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Nirav Modi Fraud: PNB Embarks on Mission Parivartan Drive

In a letter written to the employees, PNB Managing Director Sunil Mehta said an independent think tank named "Mission Parivartan Division" will act as the catalyst to ensure the 3C's -- Commitment, Collaboration and Communication bring together all internal stakeholders."

PTI

Updated:March 20, 2018, 8:58 PM IST
facebookTwittergoogleskypewhatsapp
Nirav Modi Fraud: PNB Embarks on Mission Parivartan Drive
File image of Punjab National Bank MD Sunil Mehta. (TV grab)
Loading...
New Delhi: Hit hard by Nirav Modi fraud, Punjab National Bank (PNB) has embarked on Mission Parivartan, a 10-pronged transformation strategy to strengthen one of the oldest public sector banks (PSBs) on all counts.

The strategy includes profit maximisation, improvement of asset quality and recovery, increasing productivity, new ideas for augmenting retail business, innovative vigilance practices and reducing error and complaints.

In a letter written to the employees, PNB Managing Director Sunil Mehta said an independent think tank named "Mission Parivartan Division" will act as the catalyst to ensure the 3C's -- Commitment, Collaboration and Communication bring together all internal stakeholders."

As part of the participative approach, the bank has created 'Lead the Parivartan' portal to engage all in the transformation process and involves crowd-sourcing of suggestions and ideas from all PNBians.

The think-tank will provide both directional and policy inputs and also act as a platform to enhance ownership, commitment and involvement of HO Divisions and all internal stakeholders in the policy making process using the bottom-up approach, the letter said.

"Change is the only constant. We are living in a dynamic environment and must learn not only to live with constant change, but also plan it from moment to moment. The organisation that does not keep pace with the changing technology, customer demands and effective business processes loses its competitive edge," he said in the letter.

"To paraphrase the words said by the Nokia CEO: 'We didn't do anything wrong, but others have done it right. The advantage they had yesterday was replaced by the trends of tomorrow," he said.

The letter further said, transformation efforts will include measurable criteria to stay on course and also Monthly Insight - an e-newsletter that will serve as an ideal channel to sensitive all staff members at a sustained frequency on the developments taking place under the transformational exercise.
| Edited by: Bijaya Das
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
Bajaj Finance 3,301.10 6.14
Yes Bank 134.15 -2.61
Interglobe Avi 1,473.75 0.60
Reliance 1,267.40 0.16
HDFC Bank 2,362.10 2.23
Company Price Change %Gain
Yes Bank 134.55 -2.36
Bajaj Finance 3,301.20 6.09
Reliance 1,265.70 0.13
Interglobe Avi 1,474.00 0.50
ICICI Bank 390.30 2.23
Top Gainers
Company Price Change %Gain
Zee Entertain 372.15 7.65
Bajaj Finance 3,301.10 6.14
Bajaj Finserv 7,992.95 4.93
Hero Motocorp 2,622.55 4.06
Maruti Suzuki 6,706.85 3.51
Company Price Change %Gain
Bajaj Finance 3,301.20 6.09
Hero Motocorp 2,623.50 4.26
Maruti Suzuki 6,707.20 3.53
Kotak Mahindra 1,460.70 3.31
Bajaj Auto 3,041.80 3.30
Top Losers
Company Price Change %Gain
Yes Bank 134.15 -2.61
Dr Reddys Labs 2,745.00 -2.00
Vedanta 160.95 -1.56
Hindalco 191.70 -1.49
Infosys 723.90 -1.25
Company Price Change %Gain
Yes Bank 134.55 -2.36
Vedanta 160.80 -1.44
Infosys 723.80 -1.42
HCL Tech 1,061.60 -1.15
Sun Pharma 408.00 -0.74

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results