Book on banking principles and operations released by K V Kamath

Mumbai, Sep 2 (UNI) A total overall of the curricula of Indian education system was today mooted by ICICI Mananging Director and Chief Executive Officer K V Kamath in an attempt to prepare the present day youth to take up any vocational source after schooling.

Speaking after releasing the book 'Banking Principles and Operations' here, Mr Kamath, also the President of the Confederation of Indian Industry (CII), said that every year nearly 12 to 15 million people enter the job market in the country and there is need for grooming them so that they can take up the load.

Making a special reference to the curricula in the banking sector, he said there was need for an introspection in the academia about the archic curricula being adopted by various institutions.

Students should be taught what is relevant for the current day, he said, adding, it was a challenge to find the right jobs.

The book, written by M N Gopinath, a banking veteran and director on the Board of Bank of India, focused on various aspects of banking and aimed to groom youth for a career in the banking sector.

Mr Gopinath said the book sought to bridge the gap between knowing and doing and emphasised on the oeprational and customer service aspects.

He said the public sector banks would be mounting massive recruitment drives over the next few years as a large number of professionals would be retiring and the void needs to be filled.

The banking sector, which involues a workforce of nearly a million people currently, is expected to see the demand go upto 1.5 million by 2012.

To meet the increasing need of trained manpower, ICICI Bank has taken up various intitatives to establish the institutes of finance, banking and insurance in association with NIIT, ICICI Bank Manipal Academy and has pioneered partnership with 111 universities and colleges across the country.

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