Professional Training of Finance & Accounting

  • 3-6 Months
  • 17-25 Year
  • 10+2

The Financial sector, more specifically, Banking Sector has become very vibrant after implementation of new economic policy and introduction of financial sector reforms by the Government/Reserve Bank Of India. The impact of these changes is seen in the form of competition, technological up-gradation, diversification and thrust on retail banking with aggressive marketing strategy. The need of the hour, therefore, is to face the challenges with efficient, dedicated and energetic staff having required knowledge and skill.
The banking industry has approximately 10 lakh staff, mostly recruited during 1970-75. The staff has put in 25-30 years of service and the average age is 48. Majority of the staff is experienced in traditional banking with manual systems and not very keen to acquire latest technology. The VRS Scheme implemented in 2001 saw experienced staff going out of the banks. As the average age of staff is 48, the banking industry is going to face mass retirement in near future. Also, there is no recruitment in Banks for last 15 years. The banks, therefore, particularly, public sector banks in India need young energetic staff, familiar with latest technology, ready to accept challenges and competent to handle business situations arising out of specialization. The banking sector, therefore, is open now for employment to new entrants. The BSRB, the centralized agency, which was responsible for recruiting staff in the banks, has stopped functioning and the banks have now freedom to take people from open market. Many of the banks have started recruitment drive for bank personnel.
It is on this background, we propose to start a Post-Graduate Diploma Course on Banking and Finance covering all the aspects of banking.

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