Which Indian bank launched \"Project Nishchay\" in partnership with The Boston Consulting Group (BCG) as part of its turnaround strategy?

Introduction / Context:
This question is from Indian banking current affairs. It refers to \"Project Nishchay\", a strategic initiative launched by a particular bank in collaboration with The Boston Consulting Group, also known as BCG. Such projects are aimed at business transformation, cost reduction, and improving financial health, and they are often highlighted in financial news, making them important for exams.

Given Data / Assumptions:

• The project name is \"Project Nishchay\".
• The consulting partner is The Boston Consulting Group (BCG).
• The question asks which Indian bank launched this project.

Concept / Approach:
Public sector banks that face high non performing assets and capital constraints often launch structured turnaround programmes with the help of professional consulting firms. IDBI Bank, which had significant stress on its balance sheet, announced a comprehensive transformation programme called Project Nishchay in partnership with BCG to improve its performance, asset quality, and profitability. Recognising this pairing of the project name with the stressed bank is the key to answering the question.

Step-by-Step Solution:
Step 1: Recall which banks were in the news for high non performing assets and government supported restructuring.Step 2: Identify which of these banks announced a large turnaround and cost optimisation programme named Project Nishchay.Step 3: Note that IDBI Bank, not SBI, Dena Bank, or others, was consistently associated with this specific project name in financial news.Step 4: The consultancy partner mentioned in the question, BCG, also confirms the link with IDBI Bank.Step 5: Therefore, select IDBI Bank as the correct answer.

Verification / Alternative Check:
If you recall that IDBI Bank had a dedicated transformation agenda and was placed under closer monitoring by regulators, it makes sense that this bank engaged in a formal project with a top consulting firm. SBI has its own consolidation and digital programmes but not under the name Nishchay. Smaller banks such as Dena Bank or Yes Bank have had different internal initiatives and are not typically linked with this particular project name, which helps confirm the answer.

Why Other Options Are Wrong:
State Bank of India has undertaken multiple reforms and mergers but did not brand its major transformation project as Nishchay with BCG. Dena Bank has been subject to prompt corrective action and restructuring, yet the widely reported Project Nishchay was not attributed to it. Yes Bank and Bank of Baroda have had other strategic initiatives but, again, not this specific named project. Thus these options do not match the combination of bank, project name, and consulting partner mentioned in the question.

Common Pitfalls:
Candidates may rely on partial memory of various project names such as Saksham, Utkarsh, or Udaan that different banks have used. Without careful revision, it is easy to mix up which project belongs to which bank. Another pitfall is guessing SBI for any banking reform related question because it is the largest public sector bank, but that approach often leads to errors. Always link the correct project name with the correct institution in your notes.

Final Answer:
The bank that launched \"Project Nishchay\" in partnership with The Boston Consulting Group is IDBI Bank.