Financial Daily from THE HINDU group of publications
Saturday, Mar 11, 2006
Financial Daily from THE HINDU group of publications Saturday, Mar 11, 2006 |
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Money & Banking
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Information Technology Syndicate Bank signs pact with CMC Our Bureau
Bangalore , March 10 The public sector Syndicate Bank has signed a memorandum of understanding with CMC Ltd, a subsidiary of TCS Ltd. The bank's Chairman and Managing Director, Mr N. Kantha Kumar, told presspersons here on Friday that the MoU was aimed at upgrading the facilities at the banks' training institute in Manipal, Syndicate Institute of Bank Management (SIBM).
He said the bank had invited expressions of interest some time ago for upgrading the facilities at the institution, particularly in financial management, information technology, human resources management and communication. It was after evaluating the bids it had tied up with CMC. CMC was selected, he said, since it had domain expertise in industrial practices including, banking and finance. The tie-up, he said, would enable the institution to provide a wide range of training programmes to students from the banking and finance industry from India and abroad. Under the MoU, CMC will provide the infrastructure at SIBM and at training centres located in different places, faculty services for imparting training to personnel from other commercial banks, financial institutions, regional rural banks, cooperative banks and other institutions. The CMC Chief Executive Officer, Mr R. Ramanan, said his company would provide additional faculty support and expertise in course design, training content, developing appropriate learning aids, including software, evaluation of participants, generating demand for training from external sources and coordinate with the bank to maintain the highest standards in training comparable with the best in the industry.
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