IDBI Bank, in a major departure from norm, has decided that instead of the current practice of senior management setting targets, the bank’s branches will do so, based on business potential in the operating area concerned. This will be in practice for the year or 2014-15, according to the bank. The bank has so far been functioning on a model developed for project and infrastructure funding institutions although it became a commercial bank. The new model is still being evolved and those managing branches had set targets and these would be reviewed according to zones and regions. Currently, the share of corporate and infrastructure asset book is 76%, while retail accounts for 24%. The bank wants to change this ratio to 55:45 in the next three-four years.
