BWI: SBI in Association with ISB Launches ‘SBI Cell for Research on Public Sector Leadership’

Press release from Business Wire India
Source: Indian School of Business
Thursday, June 04, 2009 06:49 PM IST (01:19 PM GMT)
Editors: General: Consumer interest, People; Business: Accounting & management consultancy services, Banking & financial services, Business services, Education & training
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SBI in Association with ISB Launches 'SBI Cell for Research on Public Sector Leadership'


Mumbai, Maharashtra and Hyderabad, Andhra Pradesh, India, Thursday, June 04, 2009 -- (Business Wire India) -- The State Bank of India (SBI), in association with the Indian School of Business (ISB) today signed a MoU to set up a Research Cell on Public Sector Leadership in India at the ISB campus. The MoU was signed by Ajit Rangnekar, Dean, ISB and R K Sharma, Chief General Manager of SBI, Hyderabad Circle, in the presence of O.P. Bhatt, Chairman State Bank Group and other top officials from SBI and Governing Body members from the ISB. The cell titled 'SBI Cell for Public Sector Leadership' will function under the aegis of the Centre for Leadership, Innovation and Change (CLIC) at the ISB.

The objective of this 'SBI Cell for Public Sector Leadership' at the ISB will be to focus on

-- Innovation
-- Change Management
-- Organisational Transformation
-- Leadership Comparisons between Public and Private Enterprises, and
-- Managerial mindsets and risk taking in middle management

Speaking on the occasion, Mr. O.P. Bhatt, Chairman of SBI stated that as part of its CSR activities SBI, set up way back in 1977 a Research and Development Fund with the primary objective of supporting research work relevant broadly to the activities of the Bank/banking industry and the emerging financial scenario. Under the Fund, research grants are extended to universities/reputed academic and research institutions for undertaking research projects. "We are proud to inform you that over the years we have extended research grants to several academic institutions for research projects at various universities.

In one of our on going projects, in 2007-2008, in participation with RBI we had extended grants to the London School of Economics for establishing an Indian Observatory and IG Patel Chair at their Asia Research Centre.

Today, we are proud to be associated with another collaboration - with the Indian School of Business, this time to set up the "SBI Cell for Public Sector Leadership" which will focus on Public Sector Leadership and the various related issues like innovation, change management, organizational transformation, managerial mindsets, etc. which would form the topics for research/case studies/papers undertaken by the Cell. The outputs would be of relevance to industry in general and public sector enterprises in particular".

Making the announcement, Ajit Rangnekar, Dean, ISB, said, "We are privileged to be associated with the SBI for conducting research on Public Sector Leadership in India. The PSU's have played a very important role in ensuring Inclusive Growth in India. At the same time they have adapted to meeting global opportunities and challenges. This need for ensuring Inclusive growth, while meeting domestic and global competitive pressures has put enormous leadership demands on the PSU's.

The ISB will create a knowledge repository on these leadership issues especially in India. The objective of this research cell will be to draw lessons from the performance of the successful PSU's, identify areas for further improvement in their performance, contribute lessons for the private sector and how they both can work collaboratively towards Inclusive Growth"

Speaking about the need for this research, Prasad Kaipa, Executive Director, CLIC, ISB said, "With the growing success of the PSU's in the global landscape there is an increased interest in understanding how Indian public sectors lead, innovate and manage change. The SBI Public Sector Leadership Cell is being created to maximise cross organisational learning in 'PSU leadership community' with an agenda to research, share best practices and transform the PSU ecosystem." CLIC at the ISB has been established to bring integral perspectives, understand Indian models of Leadership and Innovation and help organisations to become global leaders

As a part of the launch of the 'SBI Cell for Public Sector Leadership' at the ISB, a high profile Executive Roundtable is also being held today. This Roundtable Session has attracted participation from the heads of top 30 PSUs in the country. The session will debate on topics such as - Are Indian PSUs equipped to exploit new opportunities, deal with the new challenges optimally, identify organisational challenges, discuss the role of leadership, and strategy for PSUs to maintain a balance between achieving their objectives of performance as well as social responsibility.

About SBI

The State Bank of India, a 203 year old organization with a net work of over 17600 branches and over 11800 ATMs in the State Bank Group is a premier banking institution in terms of Balance Sheet size, market capitalization and profits. SBI is a financial conglomerate providing 'Universal Banking' services within the State Bank Group. The Bank has the largest foreign office network with over 92 offices in 32 countries across all time zones. The Bank has the largest Core Banking network of its kind anywhere in the world. SBI has a market share among Indian Commercial Banks of more than 20% in deposits and advances and the total business growth in FY 08-09 alone is Rs.3, 30, 899.00 crores.

About the ISB

The Indian School of Business is a premier management institution established in 2001. In a short span of seven years, the ISB has successfully pioneered several new trends in management education in India and has established itself as a leading B-school across the world. The ISB has a strong pool of research oriented resident faculty and invites high calibre international faculty from reputed B-schools to teach in its Post Graduate Programme in Management/Executive Education Programmes as well as to participate in collaborative research with the resident faculty. The ISB has academic associations with the Kellogg School of Management, The Wharton School, and the London Business School.



CONTACT DETAILS
Ms. Varshaa Ratnaparke, Manager - Communications, Indian School of Business, +91 (40) 2318 7432, 9394568018, varsha_ratnaparke@isb.edu
Smita Pillai, Integral PR Mumbai, +919821929066, smita@integralpr.com
Neha Shah, Integral PR Mumbai, +919769397011, neha@integralpr.com

KEYWORDS
CONSUMER, PEOPLE, CONSULTANCY SERVICES, BANKING, BUSINESS SERVICES, EDUCATION

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