The recent announcement of Tata
Sons withdrawal of the banking license led to an outburst of expectations,
questions and anxiousness all poured in together! General public opinion said
that the Tatas were meant to become a bank one day. Over a century of existence,
but it’s no exaggeration to talk about the amount of trust and faith of the
masses, the Group beckons. Such a trusted entity to venture forth in the
financial sector as a bank rather than a NBFC would have only done the country
and its people more good than harm. The evening the news went public, as a Tata
Employee I was asked a lot of questions starting with friends to parents, as to
the reasons for this withdrawal I would be privy to besides the once quoted in
the press release. Few even believed
that the withdrawal will create more pressure on RBI with respect to its existing
regulations and norms than on the operating NBFCs in the Tata Group. The
morning post the announcement, the MD & CEO of Tata Capital addressed the
employees of the corporate office settling all their questions, appeasing their
disappointment, encouraging their good work and requesting their support for the
decision taken by the Group
As I anxiously stood there amidst
reasons, arguments and disappointments, I saw so much hope and energy in the
leader’s words! The frankness with which any employee questioned the CEO of the
company and the honesty with which he responded made me realize that the group
has come a long way to truly absorb the open door policy. The Group has evolved
to be aggressive yet discerning, profitable yet considerate and ever expanding
yet ethical to the core! The unquestioning commitment that the Group has shown
for its people have made the Tatas industrialist in the truest sense than just
an aspiring business house of the country.
It’s been more than 6 months for
me into the system, and the pride of being a Tata group employee only swells
with every passing day!
