ICICI BANK RECRUITMENT FOR PO POST 2014
ICICI BANK RECRUITMENT FOR PO POST 2014—Again good news to all freejobaware visitors ICICI Bank is going to start this year process for the recruitment of Probationary officer posts in the various branches all over India. For this purpose ICICI bank issued an official notification in which they are inviting all Indian Graduates candidates to apply for this recruitment exam for PO posts. Those who crack the exam and selected will goes under one year training programme, conducted at ICICI Manipal Academy, Bangalore. After that they will be recruit as PO in the nearest branch of their location.
Post Name -Probationary officer
Qualification-Aspiring candidates, who are looking forward for this training programme, need to be a Graduation Degree holder in any discipline with scores not less than 55% in aggregate from a recognized institute or University.
Restriction of Age:-It is mandatory for all candidates to check that they have not gone beyond the upper age restriction of 25 years as calculates on 30th June, 2014, which means they should not have their date of birth before 30th June, 1989.
Fees -Free of cost
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. The selection process shall take place in January/February 2015.
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About This Course
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 rupee 3.37 lakh (The course fee is rupee 3 lakh. Along with the applicable service tax at the current rate of 12.36%, the total amount to be paid is rupee 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 rupee 1.5 lakh. 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 installment (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.
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 behavioral 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.
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