India’s second-largest bank, ICICI Bank, would soon be foraying into commercial training of candidates for financial services in partnership with NIIT.
The new venture – Institute of Finance, Banking and Insurance (IFBI) – will offer courses for entry-level professionals in the industry.
K V Kamath, CEO of ICICI Bank, said that there would be an additional demand of six lakh professionals in the banking sector in the next five years.
“The banking industry currently employs nine lakh people and this number is expected to grow to 15 lakh over the next 5 years,” Kamath said.
ICICI to take in all successful candidates of first batch
IFBI will commence admissions in October 2006 and its first offering, a 6-month full-time programme called the Post Graduate Diploma in Banking Operations (PGDBO), would include three months of field training.
The ICICI Bank has offered to recruit all students of this first batch as officers upon successful completion of the programme.
Rajendra Pawar, Chairman of NIIT, stated that they have kept a target of training 1,500 professionals in the current fiscal. “We have kept an introductory fee of Rs 48,000 for the programme,” he said.
The training programmes will be offered from IFBI education centres set up in Delhi, Mumbai, Chennai, Bangalore, Hyderabad and Calcutta.
The new venture – Institute of Finance, Banking and Insurance (IFBI) – will offer courses for entry-level professionals in the industry.
K V Kamath, CEO of ICICI Bank, said that there would be an additional demand of six lakh professionals in the banking sector in the next five years.
“The banking industry currently employs nine lakh people and this number is expected to grow to 15 lakh over the next 5 years,” Kamath said.
ICICI to take in all successful candidates of first batch
IFBI will commence admissions in October 2006 and its first offering, a 6-month full-time programme called the Post Graduate Diploma in Banking Operations (PGDBO), would include three months of field training.
The ICICI Bank has offered to recruit all students of this first batch as officers upon successful completion of the programme.
Rajendra Pawar, Chairman of NIIT, stated that they have kept a target of training 1,500 professionals in the current fiscal. “We have kept an introductory fee of Rs 48,000 for the programme,” he said.
The training programmes will be offered from IFBI education centres set up in Delhi, Mumbai, Chennai, Bangalore, Hyderabad and Calcutta.
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