USP Of IDBI Bank

I want to know the USP Of IDBI Bank so can you tell me? Also tell me the SWOT Analysis of the bank?

IDBI bank is a focused development financial institution. HDFC is one of the big four banks in India

IDBI Bank USP

IDBI bank is a focused development financial institution.

HDFC is one of the big four banks in India

IDBI Bank SWOT Analysis

Strengths

HDFC is one of the leading new age private sector bank

HDFC Bank has over 4500+ branches and over 12000 ATMs, in more than 800 cities in India

Existing CBS across its branches

Huge employee base i.e more than 80,000+ employees

HDFC has a large collaborations with corporate for employee salary accounts

Acquisitions have boosted the operations of the bank

HDFC bank has been responsible for several CSR activities and has also been recognized with several banking awards

It offers several services like online banking, app, mobile banking, NRI services etc

Weaknesses-

Rural penetration is low for HDFC as compared to nationalised banks

Competition from public sector and private sector banks means limited market share growth

Opportunities

1.Mobile banking, internet banking etc can be a huge boon for HDFC's business
2.Venturing more into rural areas can be done by HDFC
3.Providing more complex products to the ever increasing demands of the industry

Threats

1.Competitors increasing their business can adversely effect HDFC's business
2.New banking licenses and regulations can impact operations
3.Foreign banks that offer complex products

Competitors

1.State Bank Of India (SBI)
2.ICICI Bank
3.Bank of Baroda
4.Punjab National bank
5.Kotak Mahindra
6.IDBI Bank
7.Axis Bank

Contact-

Registered Office:
IDBI Bank Ltd.
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai 400005.

Customers can contact our 24 X 7 Phone Banking numbers
from any Landline / Mobile number, our Toll free numbers are as follows:
1800-200-1947
1800-22-1070

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Answered By StudyChaCha Member