PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601502

Primary Business Area

Financial Institutions Group

Disclosure Date

Dec 5, 2016

Country

India

Region

South Asia

IFC Approval Date

Feb 11, 2016

Status

Completed

Estimated Total Budget

$1,480,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Mar 8, 2022

Project Estimated Start Date

Feb 8, 2016

Project Estimated End Date

Mar 31, 2018

Project Description

The objective of this initiative is to provide advisory service assistance to South Indian Bank (SIB) which will enable the bank to strengthen and expand its operations with emphasis on the SME business vertical. This would be a comprehensive bank-wide transformative technical assistance, involving strategy, business model, operating model, product development , process re-engineering, system upgrades, and alternate delivery channel development (focused on refining and leveraging existing technology and channels for product and service delivery).

Development Results

E&S Risks / Impacts and Mitigation