IDBI Bank Implements Oracle's Financial Solutions

IDBI Bank has implemented Oracle Financial Services Asset Liability Management and Oracle Hyperion Planning to automate budgeting and planning processes.

Following it’s restructuring into several customer-focused business units, IDBI Bank needed a solution that would help managers monitor earnings from each of its products, lines of business and branches to determine better resource allocation. Oracle Financial Services Asset Liability Management has enabled IDBI Bank to assess its liquidity and interest rate risks on a day-to-day basis, thus helping to manage risks and maintain growth. Bank managers and analysts can now measure the impact of interest or foreign exchange rate changes on its net interest income and economic value.

To automate its budgeting and forecasting processes, IDBI Bank deployed Oracle Hyperion Planning to create budgets and rolling forecasts that are linked to its balance sheet and profit and loss models. Bank managers use Oracle Hyperion Planning to set sales targets and analyse profitability across each branch, vertical market and product; and complete branch performance assessments.

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Oracle Hyperion Planning is integrated with Oracle Financial Services Asset Liability Management and other Oracle tools used by the bank, including Oracle Financial Services Funds Transfer Pricing and Oracle Financial Services Profitability Management, enabling IDBI Bank to complete the budgeting process and generate rolling sales forecasts.

“Oracle Risk Manager enables us to do advanced analysis of our assets and liabilities, assess the impact of liquidity and interest rate risks on the bank’s net interest income, and assess the economic value of equity under various interest rate scenarios”, said Ishwar Padhan, General Manager, Balance Sheet Management Group, IDBI Bank.

“Oracle Hyperion Planning has enabled budgeting, target setting and monitoring performance at the disaggregated level of line of businesses, products and branches in a structured manner on a regular basis,” said Anirudh Behera, Deputy General Manager, Budget & Planning Group, IDBI Bank.

“We are delighted that IDBI Bank has decided to deploy Oracle Financial Services Asset Liability Management and Oracle Hyperion Planning to manage financial risk and protect profit margins”, said Gopal Chawla, Senior Director, Consulting, Oracle India. “These solutions are appropriate for a fast growing organisation like IDBI Bank. In addition, the integration capabilities of our solutions can enable their business critical applications to work together and help the bank attain its business goals.”