Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ Opinion / Online-views/  IFBI to train 8,000 nationalized bank employees
BackBack

IFBI to train 8,000 nationalized bank employees

IFBI to train 8,000 nationalized bank employees

Premium

By PTI

Kolkata: The Institute of Finance, Banking and Insurance (IFBI), an initiative of NIIT and ICICI bank, has bagged orders to train some 8,000 employees of two nationalized banks.

“Last year we trained around 5,000 employees of nationalized banks. This year, we have bagged orders to train some 8000 employees of two nationalized banks across 14 locations in India," NIIT president, Strategic Initiatives Smarajit Dey told PTI.

“It is an indication of the increasing emphasis being laid by nationalized banks on training... their employees, in the light of stiff competition arising from private banks," he said.

Of the two nationalized banks whose employees were to be trained one is a Kolkata-based bank and the other a Bangalore-based one.

There were three kinds of training IT and software technology training programme, induction training and specialized skilled enhancement programme on Banking and Finance.

Nationalized banks were accelerating use of IT technology and computers in all branches for core banking, Real Time Gross Settlement (RTGS) and money transfer. Since these banks had no training institutes of their own they were unable to cope with the need to train their people.

“They are sending them to the U.S for training on the usage of computers and IT technology in banking. It is basically a practitioner-based programme and it lays emphasis on financial software training," Dey said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 31 Aug 2008, 11:23 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App