The Hindu Business Line : NIBM achieves 100% placement for students

THE National Institute of Bank Management (NIBM) has achieved 100 per cent placement for all its students in the second batch of the post-graduate programme in banking and finance.

State Bank of India has picked up six students and other banks, such as Syndicate Bank, Oriental Bank of Commerce, Indian Bank, Andhra Bank and Allahabad Bank, 10.

Exim Bank chose one student for middle management (Scale II) position and Bank of Baroda, Dena Bank and United Bank of India took six in the Scale I position.

Credit Information Bureau of India Ltd also picked up one student and Datamatics Ltd made three offers, said a press release.

The National Commercial Bank of Jeddah, one of the largest banks in Saudi Arabia, has short-listed five students and initially called two to Jeddah for final placement in the credit risk and market risk group with offers of a CTC of around $50,000 per annum with bonus, accommodation, medical and insurance benefits, one month paid leave and annual leave to hometown to the selected candidates, the release said.

The current batch of the post-graduate programme in banking and finance had 24 students in the open category and 18 officers in various grades nominated by banks.

The final placement exercise of the open category students in the second batch of the post-graduate programme in banking and finance was completed on April 4 and 5, at Pune.

In all, 13 organisations participated and made 76 offers to 24 students.

NIBM, the apex institution in banking and finance, was established by the Reserve Bank of India in consultation with the Government of India in 1969 as a `Think Tank' for the banking system. Dr Y. V. Reddy, Governor, RBI, is the Chairman of the governing board of NIBM.

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