Submitted by: Submitted by anusua2012
Views: 439
Words: 439
Pages: 2
Category: Business and Industry
Date Submitted: 03/20/2012 11:57 AM
Strengths of IDBI Bank
• The banks major strength is it involves latest cutting edge technologies to support its core banking operations
• The bank has network of 943 branches and 1529 ATMs
• The total turnover of the bank is 3,37,584 crores in the last FY 2010-11, and earned a net profit of Rs.1650 cr.
• The bank has grown at a rate of 60% compared to previous year
• IDBI has the first mover advantage in opening ‘G-sec portal’. This is a platform for the retail investors to invest in government securities
• IDBI is one of the largest commercial banks in India which focuses on industrial infrastructure and development
• IDBI’s product portfolio includes 14 broad classifications, and there are some sub categories in each. The bank has customized solution faculties for its industrial clients
• The location of its head quarters in Mumbai fosters the growth of the bank
• IDBI’s subsidiaries are into capital market services, IT services, asset management and life insurance
Weaknesses of IDBI bank
• IDBI has less penetration into the rural market
• IDBI has very less number of branches and ATM network compared to other major players
• It concentrates mainly on commercial banking services whereas the individual banking services is where the main revenue lies.
• The customer help desk is not performing efficiently and there are many unresolved issues of customers
• The bank has lots of consumer complaints with respect to servicing charges
• The bank lacks in promotional activities
Opportunities for IDBI bank
• Scope for bagging government schemes are high as IDBI belongs to public sector
• Global opportunities for IDBI are the rise as the management is keenly focusing on global expansion in next few years
• They have a good number of financial expertise to face the emerging industrial and economic growth in India
• It is the only bank in public sector which has enabled social...