ICICI BANK

ICICI BANK 

Probationary Officer Training Programme

Probationary Officer Training Programme is an initiative of ICICI Bank to attract young talent who wish to pursue a career in banking. It is designed to develop specialists with banking knowledge and skills to full fill the future need of trained bankers. It is a one year full time residential training programme, conducted at ICICI Manipal Academy campus, Bangalore. Applicants joining the Probationary Officer Training Programme will be enrolled for MBA in Banking and Finance with Manipal University, an UGC recognized University. Since its inception in 2007 more than 6,800 students have joined the Bank and currently 1,900 students are undergoing the training at the ICICI Manipal Academy Campus in Bangalore.

MBA (Banking & Finance) program consists of two phases:

Phase I (12 months): This phase comprises of 9 months of on-campus classroom training & 3 months of internship in ICICI Bank. Upon successful completion of this phase, participants are awarded a Post Graduate Diploma in Banking (PGDB).

Salient Features of Probationary Officer Training Programme:

The training has a blended curriculum with instructor led classroom sessions, e-learning and internship at ICICI Bank branches/offices. The training imparts knowledge and skills in core banking (banking products, banking operations, channels and customers, receipts and payments, etc). The trainees will have the opportunity to specialize in one of the following areas in banking: i) Trade Finance & CMS. ii) Branch & Relationship Management. iii) Private Banking & Wealth Management. iv) Rural and Inclusive Banking. v) Any other Profile as decided by ICICI Bank. The participants are put through a very rigorous training with special emphasis on application of knowledge and overall development of personality. The classroom sessions (9 months) are conducted at the ICICI Manipal Academy and internship (3 months ) at any ICICI Bank branch or office (within India). The Probationary Officers are paid stipend for the first 9 months to meet the out of pocket expenses and a higher stipend during internship. The Probationary Officers will get an assured employment with ICICI Bank on successful completion of the Probationary Officer Training Programme. The faculty is comprised of experienced professionals in the domain of banking and finance and behavioural sciences. There is a special focus on the overall grooming of the individuals and that is further facilitated through a learning environment that is created through lectures delivered by experts from ICICI Bank and the banking industry. The campus is equipped with the best educational infrastructure e.g. air-conditioned classrooms, video conferencing rooms, auditorium, well stocked library, boarding and lodging facilities, recreation and sports facilities, etc. The residential nature of the programme ensures that the Probationary Officers imbibe the culture and values of ICICI Group. Phase II [Optional] (18-30 months): This phase comprises of 18 months of Online Training (3 Semesters). It is designed to provide managerial skills to the students. This phase commences after the students join the Bank. It provides an opportunity to complete the training programme while working. On completion of this phase by participants who opt for it and pay the requisite fee, an MBA( Banking and Finance) is awarded by the Manipal University. Students have the option of completing Phase II in 30 months. MBA degree will be conferred only on the successful completion of both Phase I and Phase II. Selection Process and Fees of the Training Programme Selection Process The selection process for Probationary Officer will consists of Online Aptitude test Online Psychometric Assessment Case-based Group Discussion (GD) Personal Interview (PI) *The GD and the PI (only for applicants who successfully clear the GD) will be concluded on the same day. Fees of the Training Programme The Probationary Officer Training Programme is a cashless bridge to managerial jobs for aspiring students. To pursue the Probationary Officer Training Programme, the interested students will have to invest 3.37 lakh (The course fee is Rs. 3 lakh. Along with the applicable service tax at the current rate of 12.36%, the total amount to be paid is Rs. 3.37 lakh). However, during repayment of the loan, the prevalent service tax rates will apply ) which would be provided by ICICI Bank as a loan at a subsidized interest rate of 2.5%. p.a. This is the fee for the first phase of the PGDB programme. The fee for Phase II is an additional amount of 1.25 lakh( plus applicable service tax rate prevalent at the time of repayment). This will be paid by students who opt for this phase.                  After completion of the Training Programme, the Probationary Officers will be absorbed as Assistant Manager in the Bank. The loan is to be repaid by Probationary Officers in equated monthly instalment (EMI) after joining the Bank. There would be no recovery of EMI or interest during the training and internship period, the interest accrued during this period would be recovered along with the normal EMI. The EMI is spread over a period of 60 months to ensure that there is minimal impact in the monthly earnings of the Probationary Officer. However, if the applicant leaves during training or within five years of joining ICICI Bank after training, ICICI Bank would recover the principal and the interest at market rate on the entire loan amount for the period that the amount was given as a loan to the Probationary Officer. Eligibility Criteria   Those who have completed graduation with 55% (Aggregate) marks in any discipline Up to 25 years of age as on April 30th, 2013 (should have been born on or after May 1, 1988) Only short-listed applicants will be invited for the selection process. The above will be considered as the threshold criteria for shortlisting... ICICI BANK PO NOTE : THIS IS ONLY A PROMTION OF IBPS AND ALL BANKS ASSOCIATED TO THIS EXAM, AS I AM A GREAT FAN OF THIS PLATFORM WHICH IS BEING PROVIDED FOR STUDENTS LIKE ME. IF ANY ONE HAS ANY KIND OF OBJECTION TO THE CONTENT OR MATTER PROVIDED IN THIS BLOG. PLEASE CONTACT ME. I WOULD ACT UPON IT IMMEDIATELY AND REMOVE THE CONTENT THAT YOU OBJECT ON. THANK YOU.