What Next For IDBI Bank

IDBI now has to expand and exploit the safe-bet retail business to improve its share of retail banking both in terms of retail advances, as also low-cost current and savings accounts (CASA).

By Anand Adhikari  
Wednesday, July 11, 2018

In just one month, there have been several major developments at IDBI Bank. The leadership issue is settled with the appointment of B. Sriram, who till recently was the MD of India's largest bank - SBI.

The capital issue is also resolved with the likely entry of insurance behemoth LIC as the majority shareholder at the bank. So what's next?

IDBI now has to expand and exploit the safe-bet retail business to improve its share of retail banking both in terms of retail advances, as also low-cost current and savings accounts (CASA). It also needs to accelerate its digital offerings, focus on HR reforms and leadership development. The bank is already on a drive to sell non- core assets to reduce its burden with more liquidity at its disposal for lending, and its cost cutting drive of the past year is also likely to gain momentum and give it a competitive edge.

Anand Adhikari

Related Stories

Poll Toll
Poll Toll
On An Acquisition Spree
On An Acquisition Spree
Value Hunt
Value Hunt

Latest Stories

Tata Global Beverages FY19 PAT dips 16.4% to Rs 474 cr; to acquire Dhunseri Tea biz for Rs 101 cr
Tata Global Beverages FY19 PAT dips 16.4% to Rs 474 cr; to acquire Dhunseri Tea biz for Rs 101 cr
Sterlite Tech Q4 net profit up 47% to Rs 165.17 crore
Sterlite Tech Q4 net profit up 47% to Rs 165.17 crore
Embassy office Parks plans to raise Rs 3,650 crore via debentures
Embassy office Parks plans to raise Rs 3,650 crore via debentures
SPONSORED