Federal Bank signed a MoU with Manipal Global Education Services (MaGE)to offer customised Banking Training Programs at their Banking Training Campus in Bangalore.
The Banking Training Program is a customised program that has been designed to equip trainee officers of Federal Bank Ltd with necessary domain knowledge in Banking, besides enhancing competency and soft skills. The program includes nine months of intensive campus training and three month internship at a branch of Federal Bank. The first batch will commence in November 2012.
On successful completion of the program, students will be awarded a Post Graduate Diploma in Banking and Finance, awarded by Manipal University and will be absorbed as Probationary Officers by Federal Bank.The crux of this industry-academia partnership is to help create an employable workforce with First Hour First Day productivity.
Speaking on this occasion Shyam Srinivasan, MD and CEO, Federal Bank said, “We are happy to announce the start of this program in association with Manipal Global Education Services.
The program is aimed at equipping officers with that extra knowledge and skills that would help them achieve excellence in banking services. The course would provide steady stream of trained manpower that will help the Bank meet its requirements of skilled workforce that is vital for the industry.”
Jolly Antony, GM-HR, Federal Bank explained that a similar model of recruitment in late 60s was initiated by the founder chairman Late Shri K P Hormis and many employees selected through the process occupy pivotal positions in the bank, as on date. He also expressed with pride that a new model which is a contemporary version of the old model is getting implemented in the bank.
S Vaitheeswaran, MD and CEO, MaGE said, “We are delighted to enter into this partnership with Federal Bank. MaGE aims to provide quality education, training and skills with strong industry connect and this program with Federal Bank reflects that deep interest and commitment.
MaGE has been successfully applying this Industry-University business model with other banks in India. We believe working relationships such as these will be truly beneficial to the industry, ensuring first-day-first-hour productivity.
We are sure this association too will pave the way to many active collaborative engagements that will benefit the BFSI industry”