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A Journey Through Banking Leadership: From India to Africa

Embarking on a leadership journey in the banking sector, whether in the vibrant landscape of India or the emerging markets of Africa, is a testament to navigating through dynamic environments, cultural nuances, and evolving industry paradigms. As I reflect on my trajectory from the post-liberalization era in India to the transformative landscape of southern Africa's banking industry, I find a tapestry woven with challenges, opportunities, and invaluable lessons in leadership.


The Shifting Sands of Indian Banking:


In the late nineties, India witnessed a seismic shift in its banking sector with the emergence of new private sector banks challenging the hegemony of state-run PSU banks. This period marked a transition from traditional banking to a customer-centric approach, driven by the aspirations of a burgeoning middle class and the demand for proactive service delivery.


The Rise of New Private Sector Banks:


I was amidst the wave of change, stepping into a newly licensed private sector bank where automation and relationship management were heralded as key differentiators. The ethos of modernity clashed with the traditions of banking, creating fertile ground for innovation and growth. As young executives, we were tasked with acquiring customers and instilling a culture of prudence and control in transactions.


Navigating Through Transition in Africa:


Fast forward to 2014, and my journey took me to the shores of southern Africa, where indigenous banks were undergoing a similar transformational phase. The cultural ethos of open communication and respect paved the way for fostering growth and change within the banking landscape. In a short span, we spearheaded initiatives to implement new technologies, revamp processes, and instill a culture of performance-driven excellence.


Leadership in Transformation:


In both contexts, leadership played a pivotal role in steering organizations through periods of change and uncertainty. The directive style of leadership, coupled with a sense of urgency, proved instrumental in driving results and aligning stakeholders towards organizational goals. However, as I reflect, I recognize the need for a more collaborative approach, one that empowers employees to become self-leaders and active contributors to the organizational vision.


Towards Collaborative Leadership:


In conclusion, I advocate for a shift towards collaborative leadership, where information, knowledge, and vision are shared openly, and teams are encouraged to co-create solutions through well-debated ideas. By fostering a culture of engagement and ownership, organizations can navigate through industry disruptions and emerge as agile, resilient entities poised for sustained growth.



My journey through the banking landscapes of India and Africa has been a testament to the transformative power of leadership. As we navigate through the complexities of an ever-evolving industry, let us embrace a collaborative ethos that empowers individuals, fosters innovation, and propels organizations toward a future of sustainable success.

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Wonderfully shared your experience, different part of growth drivers of India and emerging market in Africa.

Yes, good leadership can drive the growth potential stupendously.

The Article is very nicely written and touched all fulcrum of Banking growth. Kudos to writer for beautiful article and the command over subject made more attractive to read.

Thank you so much Rajarshi

Subrata Kumar Sinha

Replying to

Thank you so much for your kind words and invaluable feedback, Subrata Kumar Sinha!

Your guidance during my early days at Axis Bank truly shaped my leadership journey. Reflecting, it's remarkable how your simple yet impactful gestures, like gathering us in the branch vehicle for travel, organizing team lunches, and fostering a culture of continuous learning through readings, laid the foundation for collaborative leadership. I fondly recall our branch's enthusiasm for organizing quizzes, which later inspired similar initiatives across the zone, demonstrating our collective drive for embracing new products and technologies, like the dematerialization of shares.

I've carried these lessons with me throughout my career, and now, more than ever, I realize their profound significance. Your leadership style exemplifies the…


Sir as you rightly mentioned, directive style of leadership will not work now, the way it worked in earlier times.

Gone are those days when new gen banks could provide differentiation with the help of technology or customer service.

Now competition is fierce and only a collaborative approach can build a team to win the battle of survival..

Replying to

Absolutely, I couldn't agree more. In today's hyper-competitive landscape, the traditional directive style of leadership simply doesn't cut it anymore. Success hinges on our ability to harness the collective intelligence and creativity of our team through collaboration. By fostering a culture that encourages open communication, values diverse perspectives, and empowers every individual to contribute their best ideas, we not only stay ahead of the curve but also drive innovation and transformation. Let's continue this dialogue and explore how we can further strengthen our team's cohesion to navigate the challenges and seize the opportunities of tomorrow.

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