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Our Bureau

Visakhapatnam, Jan. 17

The NIIT has tied up with Institute of Finance Banking and Insurance (IFBI), Indian Institutes of Management (IIMs) and ICICI Bank to offer job-oriented courses in banking and finance.

Mr Smarajit Dey, President (Strategic Initiatives), launched the courses at the Vizag branch here on Thursday.

He said there was a huge shortage of professionals in banking and insurance sector. The demand for qualified professionals in banking alone was estimated at six lakhs and an equal number would be required in the insurance sector in the next five years.

NIIT Imperia – management programmes is for working professionals and IFBI course that offers PG Diploma in Banking Operations (PGDBO) is for students who have completed their graduation, Mr Dey said.

The two new courses were launched in October 2006 in the six metros and during the last 12 months they were launched in Ahmedabad, Pune, Nagpur and Bhubaneswar. He said Vizag has become the 11th city to offer the courses. It would be followed by Chandigarh and by the end of next year, the plan is to take the tally to 30 centres at 25 locations all over the country.

He said that the PGDBO is a six-month full-time course being offered by IFBI. It includes three months of classroom work and three months internship at ICICI Bank. Graduates in any discipline with a minimum of 50 per cent marks and up to 26 years of age can apply for the course.

Candidates would be selected through an admission test and interview. All candidates selected for the course would be given an offer of appointment with either ICICI or HDFC Bank. On successful completion of the course, the candidates would be employed by these banks.

Mr Dey said that the starting salary would be a minimum of Rs 2.75 lakh per annum and in six months they would become assistant managers with a salary of Rs 10 lakh per annum.

The NIIT Imperia programme offers synchronous learning through remote classrooms connected to the IIMs and the IMT in Ghaziabad. Candidates could interact with the faculty of those institutes through video conferencing. Applications can be obtained from the NIIT Vizag Centre located at Asilametta or from the Web site www.ifbi.com.

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