NIIT with ICICI Bank to enter fin services training

Mumbai, Sep 26: NIIT today announced its entry into training for the financial services sector, with the launch of the IFBI (Institute of Finance, Banking and Insurance).

ICICI Bank MD&CEO K V Kamath told media persons, ''My bank felt the need for an institute that could service the financial services industry as a whole and I am happy that NIIT has responded with the setting up of the IFBI and we will contribute to this initiative through equity participation as well as inputs on course design.'' The admissions for the IFBI's six-month full-time programme, the Post Graduate Diploma in Banking Operations (PGDBO), will commence next month.

Speaking on the occasion the NIIT chairman, Rajendra S Pawar, said that the launch of IFBI utilises our reach and expertise in distributed non-formal education and harness the domain expertise of ICICI Bank to move into growing areas of the knowledge economy.

The course being offered by the IFBI would be made available for the students through its branches at six centres in the country which include Mumbai and New Delhi.

Later talking to UNI, the CEO of NIIT, Vijay K Thadani, said that they would be able to produce only 1,500 PGDBO qualified candidates every year, but the requirement was much more. He informed that a good number of the pass-outs will be absorbed by ICICI Bank itself.

On the completion of the course, each student would be provided three-month training in a bank as an intern to expose them to the practical learning for the course, Thadani added.

UNI