- First-of-its-kind Preparatory Programs to help students opt for Probationary Officer and Clerical jobs in the Public Sector Banks
- Specially Designed Coaching Programs with Technology Enabled Learning Environment
New Delhi, June 29, 2011: IFBI, a joint initiative of NIIT, leading Global Talent Development Corporation and Asia’s largest IT trainer and ICICI Bank, India's largest private sector bank, today launched first-of-its-kind Preparatory courses for PSU Banks Probationary Officers ( PO) and Clerical recruitment exams.
An IFBI initiative, The Bank Exam Coaching Academy, will provide a scientific and systematic approach to preparation for recruitment tests conducted by PSU banks for Probationary Officers and clerical positions. The exam preparation courses are designed keeping in mind the assessment and testing practices adopted in these recruitment exams.
Recruitments in public sector banks have been on the rise over the past few years, considering the number of retirements & opening of new branches. This trend is expected to continue for the next 5 to 7 years. Various industry estimates put this figure anywhere between 4 to 7.5 lakhs in the next five to seven years. Recognizing this huge employment opportunity available in the Public sector banks, IFBI has launched this unique initiative to help youth prepare better for PO and clerical recruitment exams, thus enabling them to realize their aspiration of joining leading Banks
Mr. S. Venkatesh, President- NIIT IFBI, said “Indian economy is on a growth path and this has created a huge demand for trained manpower in the banking sector. Sensing this opportunity, we have launched first-of-its-kind Bank Coaching programs for Clerical and PO exams. These preparatory programs have been designed under the guidance of industry experts to offer comprehensive knowledge to the aspirants and help them succeed in the exam.”
In India, banking sector has always been one of the most preferred avenues of employment. In the current decade, this has emerged as a resurgent sector in the Indian economy. As per the McKinsey report ‘India Banking 2010’, the banking sector index has grown at a compounded annual rate of over 51 per cent since the year 2001, as compared to a 27 per cent growth in the market index during the same period. It is estimated that the sector has the potential to account for over 7.7 per cent of GDP with over Rs.7, 500 billion in market cap, and to provide over 1.5 million jobs.
These preparatory courses aim at training students to meet the challenges of testing and thus succeed in Public Sector Bank recruitment exams. These courses, ranging between 60 to 100 hours, groom the students in areas such as reasoning ability, numerical ability/ quantitative aptitude, English language and general awareness, with specific reference to banking industry and computer awareness. Skilling students with specific tips and tricks, methods and tools to perform better in exams is a key feature of these courses. Besides preparing the aspirants in core subjects, the course will also provide intense training in group discussion, personal interview and descriptive tests.
Online mentor support, comprehensive online testing, technology enabled learning environment and SMS exam notifications combined with teaching by high calibre trainers and country wide presence, are some of the unique features of the IFBI’s Preparatory courses for PSU Banks Probationary Officers ( PO) and Clerical recruitment exams.
The Institute for Finance, Banking and Insurance (IFBI) was formed in 2006, as a joint venture of NIIT, leading Global Talent Development Corporation and Asia’s largest IT trainer, and ICICI Bank, India’s largest private sector bank, to meet the manpower challenges of multi-skilled and trained professionals in fast evolving BFSI sector.
NIIT IFBI combines NIIT's expertise in the design, conduct of distributed non-formal education and its experience of manpower-development for India's IT sector, with ICICI Bank's domain-knowledge across the spectrum of financial services and its leadership status within the banking sector.
In its five year journey, IFBI has launched over 12,000 careers in leading organizations of the Banking and Financial Services Industry.
IFBI's offerings are designed in the context of modern-day Banking, Insurance and Financial Services by developing competencies on four dimensions - domain, technology, application and customer-service. IFBI created a benchmark in the industry by innovating the concept of “Appointment letter at the time of Enrollment”.
IFBI offers a range of programmes for various categories of BFSI aspirants and professionals, such as:
Career programmes - Post Graduate Diploma in Banking Operations (PGDBO) programme, Honours Diploma in Banking & Financial Services, Diploma in Banking Business; Preparatory courses for PSU Banks Probationary Officers ( PO) and Clerical recruitment exams Corporate Training programmes; Short term industry relevant certification programmes.
IFBI was rated as the 'Best Training School' in the Banking and Financial Services domain by The Week- Nielsen Survey, May 2009.
Today, IFBI graduates are working in leading organizations like ICICI Bank, HDFC Bank, Kotak Mahindra Bank, ICICI Lombard, ICICI Prudential, Laxmi Vilas Bank, Wealth Advisors Inc, Karvy, Fullerton Securities, ICICI Securities, HDFC Securities, Bajaj Capital, Deutsche Bank, ING Life and many more.