Categories: Politics

Finance Minister Nirmala Sitharaman caught scolding SBI Chairman. Bank Officers blame Minister and later withdraw the press release

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Finance Minister Nirmala Sitharman is caught up in a big controversy after an audio clip of her abusing the State Bank of India (SBI) Chairman Rajnish Kumar in front of all officials in a meeting in Guwahati in Assam on February 27. Some whistleblower officers uploaded the audio in the public domain a few hours back. Reacting to the abusive tone of the Finance Minister to their Chairman, All India Bank Officers’ Confederation issued an attacking press release against the Minister, blaming her abusive nature on March 13 evening. But allegedly, due to pressure from the Finance Ministry, the Confederation withdrew the press release on March 14th evening.

In the interest of the public, PGurus is uploading the audio of Nirmala Sitharaman abusing the SBI Chairman Rajnish Kumar and the two press releases of the All India Bank Officers’ Confederation. In the audio, Nirmala Sitharaman can be heard shouting at the SBI Chairman which made him cut a sorry figure and offer an apology in public.

On March 13, the Confederation issued an attacking press release against the Finance Minister, blaming her behavior and attitude, reminding her that the Bank officers should not be treated like this. After a few hours, they withdrew the press release. Both are published below:

A senior management expert that Team PGurus spoke to, had this to say:
“She could have said the same thing to the MD/ CEO in a one-on-one conversation, in the closed confines of a room. The first rule of management – never abuse your employee in front of his/ her employees – nothing destroys morale more. Praise in public and criticize in private. How will Rajnish command the respect of his juniors? No one will do anything – worse everyone knows a line has been crossed and someone must take the fall. Interesting times ahead…”

04_press Release on FM's Comments on SBI Chairman by PGurus on Scribd


AIBOC withdraws the press release

Team PGurus

We are a team of focused individuals with expertise in at least one of the following fields viz. Journalism, Technology, Economics, Politics, Sports & Business. We are factual, accurate and unbiased.

View Comments

  • Madam FM .....First look into ur ministry...den lecture somebody else....It doesnot matter if the person is Chairmain/CMD or her peon....Every one deserve respect....
    And if u hab to go by efficiency parameters...Madam u r the one who shud put the papers.....Kindly check the economy Madam...or u hab outsourced it to the PMO

  • Please think of the thousands of people who suffered because of this CONTINUOUS ineptitude. Months and years go by without the job getting done. Enough of these niceties. Look at what is happening in the case of GST and INFOSYS. Sometimes one has to break into this slumber and this lethargy.

  • Our Chandrayaan mission failed almost nearing the scheduled landing site. Our Prime Minister witnessing the launch, did not show his wrath on the ISRO Chief. Not withstanding the failure the PM complimented the heroic efforts of the ISRO staff.
    The finance minister if she was sure of the wrong doings of the SBI then she should have demanded the CMD of SBI to put in his papers. That would have made all CMDs of PSBs aware of the absolute powers of the Finance Minister.
    Banking is service oriented sector privatise it like other Navratna public sector units.

  • Was the Discussion bugged/recorded or was somebody recording the outburst in a clandestine manner. LEAK was made to fish in troubled waters. This is the main issue. Remember Chidambaram, as a Finance Minister, Bugging the chamber of Pranab Mukerji, the Finance Minister.
    Was the Bugging done to bring out an in-house matter in public domain and show Nirmala in a bad light.The Leak seems to have been deliberately done to cause embarrassment.
    I will not be surprised if some Disgruntled-high-and-mighty-Ex FM has a hand in this deliberate leak.

    • So what she does not have any business to talk like that to anyone,let alone a chairman of a bank.

  • There is no abuse in this exchange.What rubbish reporting is this. These bank chairmen think they can take the Govt. for a ride because the Finance Min is a woman.

  • The SBI is owned by the GoI, whose representative is the Finance Minister. All employees of the SBI, including its MD, CEO, Chairman have signed up to report to the GoI. The SBI, as described by the FM in the Guwahati conference, had taken actions that were detrimental to the public around Guwahati. It is expected of the FM, in public, to take action in public on the public property that is the SBI. If the SBI CEO and/or his minions think they are answerable only in private not in public then they need to leave their chairs so the public can get the public bank to work for the public in public.

    It is beyond the pale that the public sector banks have staff that are timid, lazy, lethargic and desirous of making off the public trust given them. Our private sector banks are no less incompetent. Money is a myth in our country, whereas it hails the republics in other nations.

    The SBI, its chairman and the Indian republic are none the worse for the smooch from the Union Finance Minister.

  • Reckless and immature behaviour by engaging in verbal tirade. Many a times the minister 'seems' to be confident by becoming arrogant in words and action. Such kind of maltreatment works only in our country.

  • Applause!!!
    PGurus, is this petty incident worth publicizing?
    Your real goal is to push your pet Swamy for the post of FM, is it not?
    And he's a guy who publicly keeps running down everyone, including the PM!
    Plz don't be small minded.
    Overall, FM NS is working hard & doing a good job.

    • Kamalji Priyanka Vadra smiles and waves towards few people around her car: is that an incident worth publicizing/deserve live TV coverage? Pgurus has been doing much better work than PMO!!!

      Kamla ji do not bring Dr. Swamy just because you dislike him the most and you might have hurt bacause you are a blind Modi Bhakth! Dr.Swamy is one inch taller than PM Modi in higher education, knowledge, experience and popularity and many inches taller than the incumbent FM a dummy FM of PMO!!

      True Dr.Swamy runs down even PM Modi ji not out of frustration but due to lack of proper and true feed back given to his party PM who works 18 hours a day. But PMs six years in office as on now reveals that those who abused PM with an acerbic tongue openly/written, gave interviews in various fora ….they all were blessed and continued with highest governmental posts in RBI,CEC, Banks so on and so forth!!! In fact Dr.Swamy should have been our PM.

      Kamal ji be dignified and do not be petty minded. Respect Dr.Swamy one of the best available intellects in this country and we are missing his services due to two top most Gujaratis whose understanding of intellectuals are too little. Sorry to say this. BJP has been ducking on innumerous corruptions of UPA governments. Dr.Swamy is chasing corrupt crooks and smoking out from bandicoot holes.

      Sorry, Kamla ji as on now,incumbent FM hardworking lady no doubt, is a dummy FM and soon after becoming FM met 10 YEARS of mega scams and 52 lakh crores (32 lakhs crores?) NPAs produced former PM Maunmohan Sigh!!

    • Working hard. She hardly knows her job and so she can hardly work. But arrogance is something she has acquired from Feku!

    • Why do you bring Swamy here? It is the incompetence of the Minister and taking off her frustation on a Sr Officer who is doing his job. Only person who would support FM in such cases are the ones who doesnt want any action aganist frauds and cover up frauds by robbing common man's money. FM wants to inefficiently bury sins of some one and showing it on others.

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