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A book titled “From A Car Shed To The Corner Room & Beyond” by S. Raman

S. Raman’s autobiography, “From A Car Shed To The Corner Room & Beyond,” offers a first-person account of his remarkable journey from a clerk at SBI to becoming the Chairman and Managing Director of Canara Bank and a full-time Member of SEBI. The book explores the intricate dance between personal integrity, professional challenges, and systemic issues in the financial world.

Trials and Tribulations of a Public Sector Banker

Raman’s hardships began in 2018, years after his retirement, when he was questioned by the CBI regarding a loan given to Winsome Jewellery during his tenure as chairman of the credit committee at Canara Bank. Despite the bank’s relatively small share of 7.5% in the consortium, Raman faced a look-out notice barring his travel abroad, although no case was officially registered against him.

The book highlights the occupational hazards faced by public sector bankers, particularly in high-value credit decisions, where officers can be subjected to scrutiny and legal proceedings years after their tenure, even if their actions were in good faith.

A Unique Perspective on the Financial Sector

Through his diverse experiences spanning 46 years, Raman offers unique vignettes from his time at various banks, including Bank of India’s operations in Jersey. However, his most significant contribution was during his tenure as a wholetime member of SEBI, where he played a crucial role in developing a stable regulatory structure for FPI investments, supporting the growth of the mutual fund industry, and tackling issues under the Collective Investment Schemes.

A Remarkable Story of Resilience and Integrity

“From A Car Shed To The Corner Room & Beyond” is not just a memoir but also a philosophical exploration of the challenges faced by public servants in maintaining personal integrity while navigating complex professional environments. Raman’s story resonates with many upright officers who have faced legal challenges for decisions made in good faith during their careers.

The book paints a picture of a home-grown finance sector expert who remained rooted in his origins, as evidenced by his visit to the SBI branch in Hospet where he began his career at age 19. Raman’s remarkable story is a testament to resilience and integrity in the face of adversity, leaving readers wishing for a resolution to his ongoing legal troubles.

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