IDBI geared up to become universal bank
By Our Banking Bureau | 29 Nov 2002
New
Delhi: IDBI
has said it is ready with the roadmap for transforming
into an universal bank. Under the roadmap, it would preserve
its 38-year-old brand equity by retaining its name as
IDBI Bank Ltd. Consequently, the present IDBI Bank would
have to operate under a different brand name, its chairman
and managing director, P P Vora, said after a board of
directors meeting in New Delhi yesterday.
Mr Vora said that plan to foray into life insurance was being revived. On the universal banking plan, he said, "We have prepared a roadmap. We will like to retain the `IDBI'' brand equity as we have been operating under that name for the last 38 years."
