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Wednesday, May 31, 2006

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JNIDB plans foray into consultancy, research

C.R. Sukumar

IDBI arm's training programmes in great demand

Hyderabad , May 30

The Jawaharlal Nehru Institute for Development Banking (JNIDB), promoted by the Industrial Development Bank of India (IDBI) for developing human resources in the financial and banking sectors, is contemplating an aggressive foray into research, consultancy and management courses.

"This is primarily aimed at meeting the growing needs and expectations of banks and financial institutions in the fast changing environment," the JNIDB Director, Mr C.P. Philip, said.

At present, JNIDB is into training and developing human resources of parent organisation IDBI, of other banks and financial institutions at its modern facility located at Hyderabad, apart from organising open programmes for those interested.

Competing with several global consultancy majors, JNIDB could successfully win the bid for offering consultancy services in the area of competency development to the Sri Lanka-based Development Finance Credit Corporation, a development bank that acquired a commercial bank last year. This assignment fetched JNIDB a revenue of over $50,000.

The institute has also bid for a similar project of Canara Bank and made a detailed presentation, Mr Philip told Business Line.

"Research is another area that we are planning to foray into. We are planning to focus on infrastructure finance as suggested by our advisory board. JNIDB plans to start management courses for banking professionals.

As a result of growing demand from banks and financial institutions, JNIDB is currently strained by infrastructure. "We are planning to add capacity. We may replicate the existing structure," Mr Philip said.

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