3 min read.Updated: 14 Jan 2016, 10:34 PM ISTLivemint
A culture of complacency will lead to a slow descent into mediocrity
The New Year missive sent by Reserve Bank of India (RBI) governor Raghuram Rajan to the employees of the central bank is an overdue call for organizational change. Rajan has mentioned the presence of time servers who barely do what is expected of them as well as the general lack of curiosity among many members of the staff. He has also said that a culture of complacency and self-satisfaction will lead to a slow descent into mediocrity.