- Institute of Finance, Banking & Insurance (IFBI) to groom students for jobs in the financial services sector
- NIIT Imperia to offer Executive Management Programs for working professionals
New Delhi, September 29, 2007: NIIT, Asia’s No. 1 trainer and leading Global Talent Development Corporation has announced that it would offer job-oriented training programs for financial services sector, and world class executive management education, through its new training initiatives—Institute of Finance, Banking & Insurance (IFBI), and NIIT Imperia, Centre for Advanced Learning, respectively—in Tier II cities including Bhubaneswar and Nagpur.
According to Dr. Smarajit Dey, President-Strategic Initiatives, NIIT, “Booming Indian cities such as Nagpur and Bhubaneswar are a reservoir of talent which can be harnessed for emerging sectors such as Banking, Financial Services, Retail etc.
“While IFBI has been set-up to address the rising shortage of skilled manpower for the growing financial services sector; NIIT Imperia aims at enhancing the capabilities and productivity of country’s one million working executives in light of talent shortage. Having established its presence in metros, in the very first year of its operations, NIIT’s new institutes are now extending reach to beyond metros, added Dr. Dey.
NIIT has co-located IFBI and NIIT Imperia centres at Nagpur and Bhubaneswar, to make world class education and training offerings conveniently available to career aspirants in and around the two cities. The launch of the new centres takes the total tally of IFBI and NIIT Imperia centres to 12 locations across the country, including Delhi, Gurgaon, Mumbai, Hyderabad, Chennai, Kolkata, Bangalore, Ahmedabad, Pune, Nagpur and Bhubaneswar.
The Institute of Finance, Banking & Insurance (IFBI), set-up by NIIT in equity participation from India’s largest private bank, the ICICI Bank, will offer its popular 6-month duration, Post Graduate Diploma in Banking Operations (PGDBO), to banking career aspirants in and around these cities.
With the Banking industry estimated to add 6 lakh more professionals in the next 4-5 years, and equally large manpower requirements in the Insurance industry, IFBI is currently, rapidly expanding its reach and portfolio to cater to these talent-development needs.
Selected students of IFBI’s PGDBO program get to join country’s leading banks—the ICICI Bank and HDFC Bank—immediately upon completion of the 6-month program. In the first year of its operations, more than 1000 graduates from IFBI have already joined ICICI Bank, while another 1000 are currently completing their training prior to employment, across the country.
NIIT Imperia, Centre for Advanced Learning offers long and short-term programs in general and functional management to working executives, from country’s premier B-schools, using the synchronous technology platform. The institute brings its enriched portfolio of Executive Management Programs and Management Development Programs from Indian Institutes of Management (IIMs)—Ahmedabad, Indore and Kolkata, in addition to other leading B-schools such as the Institute of Management & Technology (IMT), Ghaziabad—to the two cities.
While the content, teaching and certification will be from one of the IIMs, the technology, synchronous classrooms across the country, and the management of the distributed education system will be provided by NIIT.
Synchronous Learning technology enables remote classrooms to be connected live with the faculty teaching at institutes. The usage of dedicated broadband with two-way audio-video, and special software, replicates face-to-face teaching.
NIIT will also integrate its Learning Management and e-learning systems with this technology, and implement and manage the overall student experience at its state-of-the-art learning centre in these towns.