Karnataka Bank ties up with BCG for transformation initiatives

Posted on:30 Nov 2017 15:37:16
Karnataka Bank ties up with BCG for transformation initiatives
30 November 2017 Current Affairs: Karnataka Bank Limited partnered with the Boston Consulting Group (India) Pvt Limited for its transformation initiatives and the transformation project ‘KBL Vikaas’ was launched in Mangaluru.

The transformation project is aimed at total transformation of the bank by re-positioning it as a relevant and significant bank by focusing on technology and by keeping intact its core values and identity.

The bank has identified seven major intervention areas for this project. They are: growth aspiration and strategies to achieve growth; rationalisation of service outlets, including digital channels; human resource management structure and strategy; stakeholders’ value enhancement initiatives; efficiency enhancement strategy; corporate branding and repositioning; and partnering and collaborating with Fintech companies, startups.
Karnataka Bank Limited partnered with the Boston Consulting Group (India) Pvt Limited for its transformation initiatives and the transformation project ‘KBL Vikaas’ was launched in Mangaluru.

The transformation project is aimed at total transformation of the bank by re-positioning it as a relevant and significant bank by focusing on technology and by keeping intact its core values and identity.

The bank has identified seven major intervention areas for this project. They are: growth aspiration and strategies to achieve growth; rationalisation of service outlets, including digital channels; human resource management structure and strategy; stakeholders’ value enhancement initiatives; efficiency enhancement strategy; corporate branding and repositioning; and partnering and collaborating with Fintech companies, startups.

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