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.