Dr. Jalan said “the move towards universal banking would not provide a panacea for the endemic weaknesses of a DFI or its liquidity and solvency problems and/or operational difficulties arising from under-capitalization, non-performing assets, and asset liabilities mismatches etc.
The overriding consideration should be the objectives and strategic interests of the financial institution concerned in the context of meeting the varied needs of customers, subject to normal prudential norms applicable to banks”. 18. That brings us to the question what objective has IDBI Bank set for itself and how is it geared to achieve it?