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Case Studies in Management by J. A. Kulkarni, Asha Pachpande

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9

Hindustan Bank Ltd.

CASE STUDY

‘It was quite a marathon meeting,’ the CEO of Hindustan Bank Ltd. told his deputy. ‘It was really tiring, I must say,’ replied the deputy CEO. ‘And I can’t understand why the GM (Finance) is so pessimistic about everything. I just don’t like his approach,’ the CEO went on. ‘Being a head of finance, he is too cautious, I feel.’ ‘He told me in the meeting that the accounts of M/s Apex Synthetics Pvt. Ltd. were causing him concern. He almost suggested to me that we were cheated in the deal of taking over the accounts of M/s Apex from Syndicate Bank. I knew the accounts were causing concern to Syndicate Bank. However, look at the assets of M/S Apex—total worth of all of them goes to the tune of Rs. 100 crore.’

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