Strengths of Idbi Bank

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...