ICICI Bank Limited
HRMG, 6th Floor,
Trans Trade Center,
Near. Floral Deck Plaza,
SEEPZ, MIDC, Andheri (E),
Mumbai - 400 093
India.
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 fulfill 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.
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).
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.
Eligibility :
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 crieteria for shortlisting.
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 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.
How to Apply : Apply through online at https://www.icicicareers.com/ before 31/01/2013 (31 January 2013).
The Exact Date for Examination is not announced till.
for more information visit https://www.icicicareers.com/icici_career/probationary-recruitment.html
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