- Moves beyond metros to set up centres in Ahmedabad, Pune
- Partners with 3 leading banks to train their employees
- First batch of over 400 students join ICICI Bank as ‘Officers’
New Delhi, August 6, 2007: The Institute of Finance,
Banking & Insurance (IFBI), an NIIT initiative, has extended to markets
beyond the metros, to foster skilled manpower for the financial services
sectors. The institute has set up new centres in Ahmedabad and Pune and added
two more in Delhi NCR, taking the total tally to 10 education centres across the
country, in the first year of operations.
IFBI has also extended its portfolio by partnering with three leading
banks, in addition to the ICICI Bank, in the country. Through these
partnerships, IFBI conducted training programs for new and existing employees of
the banks on the basics of banking and core banking software solution.
According to Dr. Smarajit Dey, President—Strategic Initiatives, NIIT,
“The rapidly growing banking and financial services sector in India is
faced with an acute shortage of talent. NIIT’s IFBI is focussed at developing
talent for the industry by grooming entry-level candidates and re-skilling
existing professionals. The institute will extend its offerings to reach out to
a large untapped market, beyond metros.”
The Banking industry currently employs nine lakh people and is expected to
add another 6 lakh professionals with skillsets in this segment, in the next 4-5
years.
IFBI’s first offering, the 6-month comprehensive program—Post Graduate
Diploma in Banking Operations (PGDBO) catering to the manpower needs of the
banking sector, met with good response both from the industry and the student
community. Over 400 students of its PGDBO program have joined country’s second
largest bank, the ICICI Bank, as ‘Officers’.
Highlighting the success of the program, Mr. S. Venkatesh, Head, IFBI
said, “I am happy to see IFBI students get the opportunity to work with
India’s largest private bank. In addition to the first batch of 403 IFBI
students placed, another 500 students are currently undergoing internship at the
bank. The initial success of the program has resulted in 100% increase in
enrolment for IFBI, in the first quarter of the current financial
year.”
Set up with equity participation from ICICI Bank, IFBI is supported by the
bank in designing the curriculum, developing the course content, and offering
laboratory and Internship sites to students. ICICI Bank also grants Education
Loans to students selected for the institute’s training program.
The institute now has a network of education centres in eight cities
including Delhi, Mumbai, Chennai, Bangalore, Hyderabad, Kolkata, Ahmedabad and
Pune. The new centres have come at Sangam Bridge, Pune; C. G. Road, Ahmedabad;
Rajouri Garden in New Delhi and Gurgaon.
About IFBI
IFBI, Institute of Finance, Banking and Insurance is an NIIT venture with
equity participation from India’s second largest bank, ICICI Bank. IFBI is a
unique path breaking initiative that reflects convergence of strengths of two
industry majors aimed at aiding the global financial services and banking
industry to meet its demand for skilled manpower. Through its unique
combination of domain knowledge and unique methodology, IFBI’s offerings will
create confident, young professionals possessing knowledge, attitude and skills
for the modern Banking, Financial services and Insurance sectors.
IFBI through its programs is focused on developing competencies on 4
critical dimensions of domain, technology, application and customer service in
the new age banking, insurance and financial services professionals.
For inquiries, please contact:
IFBI Admission Cell:
G1 & 2, Chiranjeev Towers, Nehru Place, New Delhi -110019.
For details call 60009000 or SMS IFBI to 6161
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