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complexities of banking relationships effectively, and valuable financial insights, all of which
ultimately contributing to their financial stability contribute to your organisation’s success.
and growth. You create a foundation of mutual respect
and cooperation by treating your banking
Conclusion relationships as long-term partnerships rather
than short-term transactions. This approach
Nurturing relationships with banks is akin to farming ensures that your banking partners are invested
rather than hunting; it requires continuous care, in your success and willing to support you
attention, and a long-term perspective. As a farmer through various business cycles.
tends to crop, nurturing a banking relationship
involves consistent effort, patience, and strategic Remember, successful banking relationships are
cultivation. In contrast to the hunting approach, not about seeking immediate gains but about
which focuses on short-term gains and immediate fostering a collaborative partnership that grows
results, farming emphasises sustainable growth and and flourishes over time. As a farmer reaps the
the development of enduring partnerships. Strong rewards of careful and consistent cultivation,
banking partnerships are not built overnight; they your organisation will benefit from the trust
develop through ongoing communication, mutual and support of robust, well-nurtured banking
understanding, and trust. relationships.

A CFO’s role in this process is crucial. Investing
time and effort in building and maintaining these About the author: Srinivas Subramaniam is a
relationships can cultivate a supportive financial highly experienced finance professional with over
environment that yields sustainable benefits over 35 years of leadership experience across various
time. Proactively engaging with banking partners, industries. As a Virtual and Fractional CFO
sharing accurate and timely information, and aligning at the CFO Centre in the UK, he specialises in
the company’s financial needs with its business goals business valuation and offers expertise in finance,
are essential practices. Transparency and regular accounting, and compliance. As a chartered
communication help build trust, allowing banks to accountant, cost accountant, and insolvency
understand your business better and provide tailored professional, Srinivas has a proven track record
solutions that support your growth and stability. in statutory audits, tax advisory, due diligence,
and project financing. His diverse skill set makes
Strong banking relationships can lead to more him a valuable asset in today’s complex financial
favourable financing terms, enhanced service levels, environment.

Empowering Excellence: IIA India’s

Transformative Training for Bank of Maldives

IIA India recently conducted a transformative training programme for the Bank of Maldives, led by CEO Mukundan K V and
Training Chair Uma Prakash. This initiative featured the Global Training Module (GTM), focusing on critical skills such as
Critical Thinking, Developing Audit Observations, and Fraud Auditing. The training aimed to empower the bank’s team with
essential competencies for enhancing audit and risk management practices. Special thanks were given to Bishwajit Mazumder
and Fathimath Rasheeda for their invaluable support. Mukundan K V expressed gratitude for the opportunity to work with such
a talented group, emphasizing that the insights gained would significantly benefit the bank’s audit processes. This programme
exemplified IIA Global’s commitment to high-quality education that is relevant across diverse industries and regions.
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