Accept a person with his faults; but don't accept a faulty person (it means not accepting a person with full of faults).
Everyone is entitled to commit mistakes. But, one shall never commit the same mistake, again and again.
Praise a person in the presence of others. But, admonish a person in private, where it is deemed necessary.
If a person is unable to complete his work, teach and guide him how to do it. Never start doing his unfinished work. If you do it, you will end up creating so many job-shirkers. Also, you cannot perform your own duties satisfactorily.
Allow your colleagues and sub-ordinates to raise questions - for the purpose of seeking clarifications and to know the rationale behind any decision or practice. Raising questions does not amount to revolt or defiance.
Encourage people to experiment and learn. But, never encourage playful and lazy people.
Do not flatter your superiors; but, praise your peers and sub-ordinates, without any reservation.
Merely because of the reason you have powers to punish a person for his real/perceived mistake, do not punish him. Penalty shall be like 'death sentence awarded by courts in the rarest of rare instances'.
Do not expect others to do what you yourself cannot do in the given circumstances.
Do not reward a person for his achievement in trivial and unimportant areas. Do not fail to reward a person, even if has achieved only 80% in important areas.
Do not create/encourage formation of groups within the unit/organisation. Such groups working at cross purposes will weaken your functioning and will reflect in the ultimate result of your unit/organisation.
Do not talk ill of your own colleagues and sub-ordinates, before your superiors or when you are outside your area of operation.
Finally, managing does not mean controlling. Management has several dimensions like planning, organising, scheduling, prioritising, leading, evaluating, rewarding, remaining as a role model, co-ordinating, liaison, addressing and LISTENING.
Disclaimer: [The articles written by author contains only the academic view of the writer and purely for discussions and updation of the knowledge of the bankers. The views expressed in the articles may not at all be subscribed by the organisation where the author is working and / or AllBankingSolutions.com]