In keeping with the dynamic business environment, the Punjab National Bank has embarked on Mission Parivartan – a structured approach…
Managing director and Chief executive officer, PNB, Sunil Mehta.
In keeping with the dynamic business environment, the Punjab National Bank has embarked on Mission Parivartan – a structured approach for keeping the long-term success of the Bank in mind.
“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 organization that does not keep pace with the changing technology, customer demands and effective business processes loses its competitive edge,” managing director and chief executive officer, PNB, Sunil Mehta said.
An official spokesperson said an Independent think tank on the lines of NitiAyog named “Mission Parivartan Division” will act as the catalyst to ensure the three C’s i.e. commitment, collaboration and communication bring together all internal stakeholders.
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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’s up approach.
Lead the “Parivartan” portal has been developed in-house to engage all functions of the Bank in the transformation process and involves crowd-sourcing of suggestions and ideas from all PNBians.
Shortlisted ideas will be compared to those within the system along with value addition proposed and a work flow of the suggested procedure, the spokesperson said.
The established evaluation committee will look at a suitable incentive upon approval of ideas/suggestions that will include training at reputed institutions as well as letters of appreciation.
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