"BCG will assist the bank to identify areas of cost containment and revenue maximisation leading to sustainable growth and profitability of the bank," the public sector bank said in a filing to stock exchanges.
The project will be led by senior management at IDBI Bank along with BCG to accelerate its turnaround programme and improve financial performance.
With support from the consulting partner, the bank "hopes to identify" and address existing gaps, capitalise on core strengths and improve existing products and products.
IDBI Bank's share today closed at Rs 53.50 apiece on the BSE, up 0.66 per cent.
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