Try GOLD - Free

Revelations from a leadership conversation

Banking Frontiers

|

May 2023

Shantanu Rege was recently appointed as MD & CEO at Mahindra Rural Housing Finance. He and Manoj Agrawal had an in-depth conversation about leadership from multiple perspectives. Several interesting incidents and anecdotes take this conversation right to the heart:

Revelations from a leadership conversation

Manoj: Steve Jobs has said: “Simple can be harder than complex. You have to work hard to get your thinking clean and make it simple, but it’s worth it. Once you get there, you can move mountains.” This may feel counter-intuitive, but is a very powerful statement. In your own life, how has it been for you to move things from complexity to simplicity? What has been the impact, for yourself, your team, and your customers?

Shantanu Rege: If we are talking about the transition from complexity to simplicity in life then, we need to speak about both - the tangible and the intangible.

Let me start from an experience up close and personal to me. During my business school days, my peers and I thought that we would solve complex problems by say, working at a hedge fund that would involve working with very complex instruments. If not a hedge fund, then perhaps get a role with a consulting firm and work with the brightest minds. This is where complex dynamics are at play subconsciously. Quite often we end up following the herd. If we do not follow them, then we tend to believe that we are not as bright as they are. The same way we think, having an x amount of money will help us to do what we truly want to do.

However, during this time, I realised this is far from the truth. Only creating wealth for myself wasn’t what excited me. With a little soul-searching, it emerged to me that life was more about giving back to other people. All the education and all the money earned was for this. In that sense, a lot of the simplicity lies within – when you get in touch with your core and aren’t just doing stuff to show the world that you have outdone the rest.

MORE STORIES FROM Banking Frontiers

Banking Frontiers

Enhanced use of AI ensures optimal growth for banks

A recent Accenture study underlines the need for enterprises to go beyond the implementation of Al-based chatbots and make AI a part of their strategic bets:

time to read

4 mins

September 2025

Banking Frontiers

Banking Frontiers

State Bank of India for New Branch Channel

For the Finnoviti 2025 Awards, State Bank of India filed a nomination for its largest CBS transformation program.

time to read

1 mins

September 2025

Banking Frontiers

Banking Frontiers

It's imperative for banks to use PETS

A recent report by a global consultancy strongly recommends that Indian banks should make use of PETs, or Privacy-Enhancing Technologies:

time to read

3 mins

September 2025

Banking Frontiers

Banking Frontiers

Aaya hoon toh kuch leke jaunga

Two things unlearned in 2024: Unlearning can be one of the most challenging aspects of life because what we've learned often stays with us. (i) However, one of the most important things I've unlearned is taking my health for granted. After facing significant health challenges, I've made a conscious effort to prioritize my well-being and gradually detoxify my lifestyle. (ii) Another key realization for me has been that there’s no age limit to learning. When I took on the role of CEO at ITI Mutual Fund, I had to step into a new world filled with fresh responsibilities and learning opportunities. As the saying goes, 'with great power comes great responsibility,' and I believe that to lead effectively, one must be committed to continuous learning and personal growth.

time to read

5 mins

September 2025

Banking Frontiers

Banking Frontiers

Bank of Baroda for use of IT to accelerate Competence, Commitment & Culture

For the Finnoviti 2025 Awards, Bank of Baroda filed a nomination for use of IT to accelerate HR objectives.

time to read

1 mins

September 2025

Banking Frontiers

Airtel Payments Bank for Face Match

For the Finnoviti 2025 Awards, Airtel Payments Bank filed a nomination for AI/ML based face match for proactive fraud prevention.

time to read

1 mins

September 2025

Banking Frontiers

Banking Frontiers

Canara Bank for Junior Savings Account

For the Finnoviti 2025 Awards, Canara Bank filed a nomination for its youth oriented junior savings account.

time to read

2 mins

September 2025

Banking Frontiers

Banking Frontiers

HDFC Bank for Vigil Aunty Concept and Camapign

For the Finnoviti 2025 Awards, HDFC Bank filed a nomination for cyber fraud awareness & secure banking education.

time to read

2 mins

September 2025

Banking Frontiers

Banking Frontiers

CMO's Festive Playbook: Schemes, Campaigns & AI

The annual festive season opens new doors for banks. MVS Murthy, Chief Marketing Officer at Federal Bank and Sujit Shakya, Sr. Dy. CEO at Nabil Bank, reveal their playbook for the 2025 festive season:

time to read

4 mins

September 2025

Banking Frontiers

Banking Frontiers

State Bank of India for MPLADS e-Sakshi App

For the Finnoviti 2025 Awards, State Bank of India filed a nomination for its MPLADS e-Sakshi App.

time to read

1 min

September 2025

Translate

Share

-
+

Change font size