Why the Name is Gagar Mein Sagar Knowledge Hub ?

Gagar Mein Sagar is a Hindi phrase meaning – “Ocean in small earthen pot” i.e. what is required in a nutshell. With this aim Mr Shiv Kumar Gupta, started the knowledge distribution in State Bank Group in 1991 while he was posted as faculty in State Bank Training Centre Dehradun, It continued until his retirement. It was a form of compendium with all the relevant instructions of the bank in just 20 pages. It was a ready reckoner for all most 25 years in State Bank Group. All most all the employees of SBI have used this booklet in day to day operation of the bank. After his retirement when he started this knowledge hub, the aim is the same to provide Knowledge in nutshell and in brief which is really useful to the operating staff, rather than giving theoretical inputs. Hences This is version 2 Gagar Mein Sagar Knowledge Hub

Why we started Gagar Mein Sagar Knowledge Hub ?

Financial sector business is based on trust. They deal in public money and take various financial decisions.Sometimes financial decisions are underpinned by assumptions and may create a new set of winners and losers. Further, the business may lose momentum in the absence of risk taking on account of subsequent run towards happenings. To ensure good governance practices at all levels and continuous preventive vigilance endeavours for safeguarding the interest of the customers, stakeholders like employees and the public in general for achieving cherished corporate goals by striking a balance between risk and returns has become buzzwords.

Today the Global scenario is witnessing sea changes and the ever evolving technology, cut throat competitions are directly affecting the Financial Sector. It is passing through turbulent time and is vulnerable to fraud and mal files of fraudsters and internal staff. The globalisation of the Indian Economy has also added to the risk of loss in international financial transactions. The employees and officials working in this sector are prone to mala fide actions and misdeeds of corrupts and crooks resulting in disciplinary actions and financial & reputational loss to these financial institutions.

The importance of keeping an alert & informed watch to avoid possible dangers cannot be over-emphasized. It is also imperative to build higher & stronger walls throughout the organisation to frustrate the nefarious designs of the fraudsters.

Vigilance is an integral and indispensable management function and its primary aim is to enable good governance in the organisation so that decisions are taken in an accountable, transparent, integrative and responsive manner, ensuring due diligence, compliance with systems and procedures, following rules and regulations and abiding by laid down national and international laws in order that clean monetary transactions take place.

A famous quote of Abraham Lincoln “If I had eight hours off to chop down a tree, I had spent six hours sharpening my axe”. Hence to take a proper decision, you need to have the proper knowledge and training unscrupulous individuals. With a view to achieving these goals, refurbishing knowledge and improvement of professional skills are necessary.

This group intends to impart training to bridge the knowledge gap and educate personnel about transparency, accountability, objectivity, integrity and probity in various decision-making processes. At the same time, the endeavour is to be made to nurture capabilities & capacities to raise the competency levels of personnel involved in vigilance administration, fraud and financial crime prevention activities etc. While preventive vigilance is to be the focus area, efficient punitive vigilance & expeditious disposal of disciplinary action cases cannot be overlooked.

Moreover, the group will promote awareness about the steps initiated in the sectors like, financial institutions, public or private, which are aimed at delivering citizen- centric services and to providing timely advice, support and guidance. The Group is mooting the idea of building capacities and developing human resources by imparting professional knowledge about various anti- financial crime activities.

Gagar Mein Sagar Knowledge Hub is a group of specialists/experts in vigilance administration, prevention of financial crime and fraud management & disciplinary process in the financial sector. The group has been formed with the view to provide quality training, guidance & consultancy services to the officials of various banks and financial institutions.

Gagar Mein Sagar Knowledge Hub

We have group of distinguished officers , a host of very senior people from various fields - namely Vigilance,(CVOs) fraud prevention- financial crime prevention people (GM and above), Central Vigilance Commission(CVC)- Advisors, banking and Director ranked people, Central Bureau of Investigation (CBI), Banking Securities & Fraud Cell, Serious Fraud Investigation office, NIA , NCGC ,Audit firms dealing with forensic audit and GEQD who have committed to be with us for various assignments across the country.

The Group will be conducting under noted programmes: