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.
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