NIIT Partners with
ICICI Bank to enter Financial Services Training
-
Launches IFBI,
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| Rajendra S Pawar, Chairman and Co-Founder NIIT Ltd with KV Kamath, Managing Director & CEO ICICI Bank at the launch of IFBI, Institute of Finance, Banking and Insurance, in Mumbai Today. NIIT has partnered ICICI Bank to set up IFBI thus making its entry into Financial Services Training |
Mumbai,
The Institute was jointly launched
by Mr. K.V. Kamath, Managing Director and CEO, ICICI
Bank, and Mr. Rajendra S. Pawar,
Chairman, NIIT, at a press conference in the city today.
Speaking on
the occasion, Mr. K.V. Kamath, Managing Director and
CEO, ICICI Bank said, “The explosive
growth of the Indian Banking and Financial Services sectors will be hampered by
shortage of qualified people, unless we invest in educating and training
professionals who can join the field.”
“As an
industry leader, ICICI Bank felt the need for an Institute that could service
the Financial Services industry as a whole. We are happy that NIIT has responded with the setting up of the IFBI,
and we will contribute to this initiative through equity participation as well
as inputs on course design. We hope IFBI will replicate NIIT’s
achievements in creating skilled professionals in the IT area”, he added.
IFBI will commence admissions in
October 2006 and its first offering, a 6-month
full-time programme, the Post Graduate Diploma in Banking Operations (PGDBO), will focus on
grooming entry-level professionals for the banking industry. The ICICI Bank has
offered to recruit all the students of the first batch as Officers upon
successful completion of the programme.
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| Seen in the picture Mr Rajendra S Pawar, Chairman NIIT Ltd and Mr KV Kamath, Managing Director & CEO, ICICI Bank at the launch of Institute of Finance, Banking and Insurance (IFBI) in Mumbai. NIIT has partnered ICICI Bank to set up IFBI thus making its entry into Financial Services Training |
Speaking
on the occasion, NIIT Chairman, Rajendra S. Pawar said, “The launch of IFBI utilises
our reach and expertise in distributed non-formal education and harnesses
the domain expertise of ICICI Bank, to move into growing areas of the knowledge
economy.”
“We
are delighted to work together with ICICI Bank, a leader across the financial
services spectrum, to set-up this institute. This will serve the manpower needs
of the Banking and Financial Services industries,” Mr. Pawar added
Also present at the launch event
were Mr.
The Banking industry currently
employs nine lakh people and is expected to grow this
number to 15 lakhs over the next 5-years (Source:
Business Today,
To start with, IFBI will offer
training programmes for the entry-level professionals
in the Banking sector. The training programmes will
be offered from IFBI education centres set up in
ICICI Bank has supported IFBI in
designing the curriculum and developing the course content, and offering
laboratory and Internship sites to students. ICICI Bank will also consider
granting Education Loans to students selected for the PGDBO programme.
The launch of IFBI follows close
on the heels of the launch of NIIT Imperia, Centre for Advanced Learning,
through which NIIT will offer executive management education programmes in alliance with the IIMs
in Ahmedabad,
About ICICI Bank:
ICICI
Bank (NYSE:IBN) is India's second largest bank and largest private sector bank
with assets of Rs. 2662.65 billion as on June 30,
2006. ICICI Bank provides a broad spectrum of financial services to individuals
and companies. This includes mortgages, car and personal loans, credit and
debit cards, corporate and agricultural finance. ICICI Bank has over 630
branches and extension counters and over 2225 ATM’s spread across the country.
The Bank services its large customer base of more than 17 million customers’
accounts through a multi-channel delivery network of branches, ATM’s, call
centers and Internet banking (www.icicibank.com) to ensure that customers have
access to its services at all times.
About NIIT
NIIT, an ac
Rated
among
In the
Corporate Solutions Business, NIIT’s offerings are
bolstered by its SEI CMM Level5 assessed learning services capability. The
Corporate Solutions Business offers integrated learning solutions that include
strategic consulting, learning design, content development, learning delivery,
learning technology services and learning administration.
NIIT
has recently acquired Element K, a leading provider of learning solutions in
NIIT’s customers include many Fortune 500
companies, universities, technology companies, training corporations and
publishing houses.
For
inquiries, please contact:
IFBI
Phone: +91 9910174967; +91 124
4293000; Fax: +91 124 4293333;
email:
manish.srivastava@niit.com
For
Media queries:
ICICI Bank
Charudatta Deshpande, Head–Corporate Communications, ICICI Bank,
Tel: 022-26538208, +91 22 66968208; Fax: 022 –26531116
e-mail:
charudatta.deshpande@icicibank.com
NIIT
Shivanjali Singh, NIIT Limited, 85, Sector 32 Institutional
Area, Gurgaon;
Phone:
+91 124 4293044; Fax: +91 124 4293333; email: shivanjali.singh@niit.com
Or
Praveen
Nadga, Brodeur
email: pnagda@brodeurindia.com