McKinsey to revamp Corp Bank biz

Public sector Corporation Bank has roped in consulting major McKinsey to revamp its business process re-engineering and also to effect organisational transformation.

“The re-engineering and organisational transformation titled ‘Sankalp’ aims to build digitally-enabled, customer centric operating model which will help the bank to embark on an accelerated growth path,” said Ajai Kumar, Chairman and Managing Director of Corporation Bank.

Declining to reveal the project cost, Kumar said existing branches are to be re-modelled, streamlining the centralised units and re-designing the core process, strengthening bank’s alternate-channel architecture.

Source: thehindubusinessline