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ICICI Bank and NIIT University to offer MBA (Finance & Banking)

iccci 1 ICICI Bank and NIIT University to offer MBA (Finance & Banking) Mumbai: In a first of its kind partnership, the not-for-profit NIIT University and ICICI Bank Ltd, India’s largest private sector Bank, have come together to launch a Master of Business Administration (Finance & Banking) program.

The agreement was signed today by Ms. Chanda Kochhar, Managing Director & CEO, ICICI Bank Ltd and Mr. Rajendra S Pawar, Founder, NIIT University.

This two year program combines conceptual rigour with experiential learning through a unique collaboration between the domain expertise of the University, and the functional expertise of the banking industry. The students will also undergo an industry-linked internship at ICICI Bank during the course duration. On successful completion of the program the students would directly assume middle-management responsibilities in ICICI Bank. The program is expected to commence from April 2011.

Commenting on this partnership, Ms. Chanda Kochhar said, “India today is poised at a unique moment in its history, with prospects of sustained high growth driven by strong fundamentals. The financial sector will support and indeed catalyse India’s robust and inclusive growth process. To take full advantage of this environment, the country needs business leaders with a high degree of knowledge, analytical skills, business acumen and people management skills. This tie up is a step towards grooming such leaders”.

Speaking on the tie-up, Mr. Rajendra S Pawar said, “This MBA Program will groom research minded managers for the Century of the Mind”.

About ICICI Bank:

ICICI Bank Limited (NYSE:IBN) is India’s largest private sector bank and the second largest bank in the country, with consolidated total assets of over $115 billion at September 30, 2010. ICICI Bank’s subsidiaries include India’s leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s global presence currently spans 18 countries.

Except for the historical information contained herein, statements in this release, which contain words or phrases such as ‘will’, ‘would’, etc., and similar expressions or variations of such expressions may constitute ‘forward-looking statements’. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of non-performing loans, our growth and expansion in business, the adequacy of our allowance for credit losses, technological implementation and changes, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

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