HR Innovation: ICICI Bank to attract managerial talent with probationary officer programme

Under this programme, applications will be invited from graduates and aspirants who are selected will go through an intensive one-year residential training programme, the bank said in a press statement.

On successful completion of the programme, candidates will be awarded a diploma in banking and insurance and absorbed in a managerial position. Further, they will also have an opportunity to pursue an executive MBA while working. All costs incurred on the training would be borne by ICICI Bank.

Financial sector is witnessing a major boom in the country which is leading to talent shortage. Earlier this year, ICICI Bank MD KV Kamath had said that the company will be recruiting over 20,000 people every year for the next few years. ICICI has tied up with education institutions like NIIT and the Manipal Group to meet the requirements.

According to industry experts, Banking and financial sector is witnessing attrition level between 15% and 18%.