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Posted by Levasto India
ICICI Bank PO Program: Information, Notification, and Selection Process
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| ICICI Bank |
To satisfy its expansion needs, ICICI had started a specialized program with Manipal University, Bengaluru for the recruitment of Probationary Officers in 2007. This strange initiative by ICICI had surprised almost all HR specialists in India. However, as things stand now the move by ICICI Bank to outsource training program for its first line managers was an innovative and successful one. This has been followed by other banks also like Axis Bank, Kotak Mahindra Bank, and Bank of Baroda.
ICICI Bank
What is ICICI PO Program?
ICICI PO Program is a specialized program by ICICI Bank in association with Manipal University to select bright students and train them for future. This is a one year fully residential program conducted in the Manipal Campus of Bengaluru. The training is oriented towards imparting banking knowledge and skills coupled with enhancing personality and language skills of trainees in the campus. Trainees are enrolled with Manipal University for degree in MBA in Banking and Finance.
Duration
The duration of ICICI PO Program is of 12 months. Selected candidates are trained at the Bengaluru Campus of Manipal University for 9 months, and then they are send to any ICICI Bank for an internship of 3 months.
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Fee
This is cashless program. The fee to Manipal University is paid by ICICI Bank as a form of student loan – Rs. 2.75 lacs excluding service tax at a subsidized rate of 2.5%. However, this loan becomes non existent if the selected managers work for ICICI Bank for continuous five years. If they leave the bank before this bond period then they will have to shell out full loan amount. One should also remember here that if the applicant leaves the bank before this bond period then ICICI Bank will recover money on existing market rate, not on 2.5%.
Selection Process
The selection process of ICICI Bank PO consists of following phases
- Online Aptitude Test
- Discussion on a real life case related to Banking
- Psychometric Test
- Personal Interview
