Bangalore, Aug 24 (IBNS) Federal Bank, the fourth largest private sector bank in India, on Friday signed a Memorandum of Understanding (MoU) with higher education services provider Manipal Global Education Services (MaGE) to offer customised Banking Training Programs at their Banking Training Campus in Bangalore.
The Banking Training Program is a customised program that has been designed to equip trainee officers of Federal Bank Ltd with necessary domain knowledge in Banking, besides enhancing competency and soft skills.
The program includes nine months of intensive campus training and three month internship at a branch of Federal Bank.
The first batch will commence in November.
On successful completion of the program, students will be awarded a Post Graduate Diploma in Banking and Finance, awarded by Manipal University and will be absorbed as Probationary Officers by Federal Bank.
Shyam Srinivasan, MD and CEO, Federal Bank said, "The course would provide steady stream of trained manpower that will help the Bank meet its requirements of skilled workforce that is vital for the industry."
S Vaitheeswaran, MD and CEO, MaGE, said, "We believe working relationships such as these will be truly beneficial to the industry, ensuring first-day-first-hour productivity."