The Small Industries Development Bank of India (Sidbi) is closely examining the possibility of following in the footsteps of ICICI and Industrial Development Bank of India (IDBI) to become a universal bank.
It has appointed management consulting firm A F Ferguson & Associates to draw up a blueprint for the new business strategy. Sidbi wants to reposition itself in the face of new challenges encountered by it in promoting, developing and extending credit to the small scale industries (SSIs) sector in the World Trade Organisation (WTO) regime.
The consulting firm will conduct a
