Dehradun, 11 August, 2014:Shivalik Mercantile Cooperative Bank Ltd, rated among the best Multistate Urban Co-operative Banks in the state of Uttar Pradesh and Madhya Pradesh and NIIT Institute of Finance, Banking & Insurance Training Ltd. (IFBI) – India's leading banking training institute, today launched the first batch following their partnership for creating a talent pool of industry-ready banking professionals who can sustain the growing momentum of the BFSI sectorin the states of Uttarakhand and Uttar Pradesh. Under the partnership, a two-month Certificate Program in Banking, an exclusive career program designed for Shivalik Bank has been launched in the city today. The program aims to help the bank inhaving high quality, industry-ready banking professionals to the benefit of everyone concerned.
India's banking and financial sector is expanding rapidlyand has the potential to become the 5th largest banking industry in the world by 2020 and 3rd largest by 2025 according to KPMG-CII report. With growing income levels and use of technology, banking sector is expected to become 4-5 times of its current size by 2020. In 2008, about 1.1 million people were directly employed in banking and by 2022 this number is expected to double. The Certificate Program gives an opportunity to the applicants to prepare themselves for this ever growing sector and develop skills much in demand by the banking industry. .
Speaking on the significant partnership, Mr Suveer Kumar Gupta, CEO & MD, Shivalik Bank said, "By forging this strategic relationship with NIIT IFBI, we hope that we would have a large pool of industry-ready talents who would be eagerly waiting to be a part of ever-growing Shivalik Bank. The fact that the premier training institute of the country has accepted the responsibility to build this pool for us makes us confident of the quality of candidates which we would soon be having. I extend my best wishes for the success of this venture. "
Mr Bimal Jain, President, NIIT IFBI said, "As the pioneers in providing trained manpower for the BFSI industry in India, we are very excited to partner with Shivalik Bank. This program is our initiative to exclusively cater to the growing need for professionally trained and job-ready manpower required by the bank."
The Certificate Program in Banking aims at creating job-ready versatile professionals, who can adapt to the working environment in the Banking Industry in Uttar Pradesh and Uttarakhand and in other states. The program, localized to suit the requirements of the states focuses on core components of modern banking like Banking Financial Services & Insurance Overview, Financial Mathematics & Accounting, Financial Products & Services, Retail Banking Products, Indian Financial System, Regulatory Environment etc. The comprehensive curriculum also includes honing of technical and soft skills of the trainees so that they would be happily hired by the bank and would ideally fit the job profile.
About Shivalik Bank:
Shivalik Mercantile Cooperative Bank Ltd. is the only MultistateUrban Co-operative Bank in U.P. This is the First Multi-state Bank of U.P with Corporate Office in Saharanpur (U.P.) and branch network extending to Indore and Dhar in Madhya Pradesh also. The bank is hoping to have its presence in Uttarakhand, Haryana, Himachal Pradesh, Punjab and Delhi also. Within a short span of 16 years, the total business of the bank has grown to 800 crores with net worth of Rs. 51 crore. 51crores as on 31th March, 2014. The bank is looking forward to adding skilled manpower to its rolls in association with IFBI.
About NIIT IFBI
The Institute for Finance, Banking and Insurance (IFBI), India's largest Banking training institute, was established in 2006 to meet the manpower requirement of multi-skilled and trained professionals in the fast evolving BFSI sector.
IFBI has trained and placed over 30,000 industry-ready professionals in the BFSI sector through its career programs and has trained over 125,000 existing BFSI professionals since October 2006.
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, Post Graduate Diploma in Banking+; 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. IFBI was recognized as the 'Most Innovative Recruitment Management initiative' at the Talent & HR Leadership Conference Awardsby ET Now at World HRD Congress 2013.
Established in 1981, NIITLimited, a leading Global Talent Development Corporation, offers learning and knowledge solutions across 40 countries. Leading IT journal Dataquest has conferred upon NIIT the 'Top Training Company' award successively for the past 20 years, since the inception of this category.
NIIT's training solutions in IT, Banking, Finance and Insurance, Knowledge Process Outsourcing (KPO), Business Process Management (BPM), Executive Management Education, Vocational Skills, School Learning Solutions and Communication and Professional Life Skills has impacted over 35 million learners since inception.
NIIT's Individual Learning Business offerings include industry-endorsed programs for students seeking careers in IT – GNIIT and Edgeineersfor IT professionals. The company has introduced "India's first cloud campus", through its new-age GNIIT program. This offers students a higher mobility as they can access courseware using Netbooks to connect seamlessly to NIIT's Cloud Campus network.
NIIT's Corporate Learning Solutions offers Managed Training Services including integrated learning solutions (strategic consulting, learning design, content development, delivery, technology, assessment and learning management) to Fortune 500 companies, Universities, Technology companies, Training corporations and Publishing houses.NIITYuvaJyoti, a joint venture between NIIT and NSDC, offers vocational skills training programs to enhance employability of youth across India.
NIIT's School Learning Solutions division has provided computer-based learning to over 15, 000 Government and private schools. The futuristic NIIT nGururange of learning solutions for schools comprises Interactive Classrooms, Math Lab, IT Wizard programs and Quick School (Education Resource Planning software).
NIIT Imperia - Centre for Advanced Learning, offers Executive Learning Programs in association with leading Business schools in India, KPMG, Google India and Internet and Mobile Association of India (IAMAI), using the synchronous learning platform.
NIIT Institute of Finance Banking & Insurance (NIIT IFBI), formed by NIIT with equity participation from ICICI Bank, offers programs for individuals and corporates in Banking, Financial Services and Insurance. NIIT Institute of Process Excellence Limited, a NIIT-GENPACT venture (NIIT Uniqua), offers complete training outsourcing services to the Business Process, Knowledge and Technology Services industry to create business models that enhance productivity and lower costs.
In recognition of its people centric policies, which foster an environment of growth and career development, NIIT has been ranked as the 4th Best company to work for in India 2013-14, by Great Place to Work Institute®.
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