EducationWorld Grand Jury

UBI and NIIT IFBI announce PG Diploma course in Banking and Finance

November 7, 2016

According to an official release on November 2, United Bank of India and NIIT Institute of Finance Banking & Insurance Training Ltd. (IFBI) – a subsidiary of Gurgaon headquartered NIIT Ltd., have entered into a strategic tie up to launch a 12-month Post Graduate Diploma in Banking and Finance course. The course, offered at Neemrana, Rajasthan based NIIT University, will help the newly recruited probationary officers with robust skills sets and vital insights needed to undertake various roles as versatile banking professionals.
The 12-month Post Graduate Diploma in Banking and Finance programme aims to develop and empower professionals with necessary skills and knowledge in context of modern-day banking and financial services by developing competencies in 4 dimensions – domain knowledge, technology, application and customer service. Under this partnership, NIIT IFBI and NIIT University will provide training to candidates, organise academic sessions in specialised areas of banking and finance, provide opportunity to learn banking software – Finacleand also impart business and cultural orientation, at the NIIT University campus. On successful completion of the programme, the probationary officers will join United Bank of India.

Pawan Kumar Bajaj, managing director & CEO, United Bank of India, said, “United Bank of India’s tie-up with NIIT IFBI reinforces our vision to emerge as a dynamic, techno savvy, customer-centric, progressive and financially sound premier bank of the country. With this strategic partnership with NIIT IFBI we are confident of creating a large pool of industry-ready talents. This programme will equip the candidates in various aspects of job roles as a probationary officer.  Banking is going to play a significant role in India’s progress, and this program will help create a pool of competent professionals.”

Speaking on this significant partnership, Vijay K Thadani, vice chairman & managing director, NIIT Ltd said, “Since inception, IFBI has forged partnerships with leading banks to provide professionally trained manpower for the BFSI sector. As pioneers and industry leaders, we continue to identify and professionally train manpower for banks, while empowering aspiring youth to access challenging careers in the sector.”

Professor VS Rao, president, NIIT University said, “In line with our commitment to offer industry-linked education in the emerging areas of the knowledge society, we are happy to join hands with United Bank of India and IFBI to impart the cutting-edge training programs in banking & finance at our University campus in Neemrana.”

In the PG Diploma in Banking and Finance programme, the probationary officers will undergo 9 months of class work at the NU campus and 3 months of internship at the bank’s branches. The first batch has commenced at NU. United Bank invited applications from eligible candidates and selection for this programme was done through IBPS examination and interviews.

United Bank of India (UBI) is one of the 14 major banks in India which were nationalised on July 19, 1969. Presently, the bank has a head office in Kolkata, and 35 regional offices and branches spread across the country.

Set up in 2006 to meet the manpower challenges of multi-skilled and trained professionals in the fast evolving BFSI sector, NIIT IFBI has placed over 35000 candidates across BFSI organisations and trained over 170,000 working professionals in India for the Banking and Financial Services Industry in the last eight years.

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