Updated on July 24, 2016
On 25 September, NIIT announced its entry into training for the financial services sector with the launch of the Institute of Finance, Banking and Insurance (IFBI). The company has set up the institute in partnership with ICICI Bank.
The institute was formally launched in Mumbai by K V Kamath, Managing Director and CEO of ICICI Bank, and Rajendra S Pawar, chairman of NIIT.
IFBI commenced admissions in October 2006, and its first offering, a 6-month full-time Post Graduate Diploma in Banking Operations (PGDBO), will focus on grooming entry-level professionals for the banking industry. ICICI Bank has offered to recruit all the students of the first batch as officers upon successful completion of the program.
"The launch of IFBI will utilize our reach and expertise in distributed non-formal education, and harnesses the domain expertise of ICICI Bank to move into the growing areas of the knowledge economy," Pawar said at the launch in Mumbai.
