IDBI Bank launches ‘Project Nishchay’ to improve financial performance


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 IDBI to identify areas for cost containment and revenue maximization leading to sustainable growth and profitability of the Bank. Coordinating across multitude of initiatives, the Bank will focus on four key areas – revenue enhancement, cost control and reduction, asset productivity and overall program management in consultation with BCG.