IDBI Bank has launched ‘Project Nishchay’ in partnership with The Boston Consulting Group (BCG) to accelerate its turnaround programme and improve financial performance. The project will be led by senior management at IDBI Bank along with BCG.
BCG will assist the bank to identify areas for cost containment and revenue maximization leading to sustainable growth and profitability of the bank. With support from the consulting partner, the bank hopes to identify and address existing gaps, capitalize on core strengths and improve existing products and processes.
Coordinating across multitude of initiatives, the bank will focus on four key areas - revenue enhancement, cost control & reduction, asset productivity and overall program management in consultation with BCG.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
