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Icici Bank Probationary Officer Programme
Icici Bank Probationary Officer Programme
Probationary Officer
Programme
ICICI Bank
Best Bank in Asia Expanding Horizons of Learning
*Euromoney Awards, 2007
India is one of the few high growth economies of the world. About ICICI Group
For the third consecutive year, India's growth story (GDP
ICICI Group is the first Universal Banking Group in India,
growth rate of more than 9%) had been led by robust
providing customers with gamut of corporate and retail
growth in the services sector. Today, India is increasingly
Financial Services. The Group comprises of the following
being seen as a global operations hub and supply centre for
companies:
skilled resources. It has favourable demographic profile
with nearly 53% of its population in the under 25 age group. ICICI Bank (NYSE:IBN) is India's largest private sector bank
with over 50 years presence in financial services and with
Need for the ICICI Academy
assets of Rs. 3,997.95 billion (US$ 100 billion) on
Today, “Industry Ready” education is lacking. In India, a March 31, 2008. ICICI Bank is a leading player in the retail
large number of capable people have limited access to banking market and services its large customer base
quality education due to language barrier and high cost of through a network of 1400 branches and extension
education in the specialized areas. Around 2/3rd of India's counters, 4000 ATMs, Call Centres, Internet banking
young and educated population is getting excluded from (www.icicibank.com) & Mobile banking to ensure that
the India growth story. The talent crunch is worsened by customers have easy access to its services at all times.
this exclusion of bright and academically capable people
Our subsidiaries, ICICI Securities and ICICI Primary
from contributing to India's economic growth.
Dealership engaged in equity underwriting, brokerage and
The ICICI Academy seeks to identify hidden talent and primary dealership in government securities owns ICICI
potential in India and bring forth such people who ordinarily Direct.com, a leading online brokerage platform. Our
will not have access to ICICI Group, enabling them to venture capital and private equity fund management
become a part of India's growth drivers. subsidiary ICICI Venture Funds Management Company
manages funds that captures venture capital funding to
The ICICI Academy will….
start-up companies and undertake private equity
• Expand the pool of Industry Ready resources.
investments. Our subsidiaries ICICI Prudential Life
• Generate inclusive employment opportunity for capable, Insurance Company, ICICI Lombard General Insurance
young graduates. Company and ICICI Prudential Asset Management
• Make a difference to the customers by ushering in first Company provide a wide range of life and general insurance
day first hour productivity. and asset management products and services to retail and
corporate customers respectively.
However, if the applicant leaves the program during training / Career Options with ICICI Group
leaves within 3 years of joining ICICI Bank after training, ICICI
ICICI Group follows a meritocratic and performance
Bank would recover the interest at market rate on the entire
oriented culture where deserving employees are given
loaned amount for the period that the amount was loaned to
responsibility ahead of time. The POs on being absorbed
the PO, plus the outstanding loan.
into the ICICI Group, will automatically be a part of the
The Loan Agreement will have to be signed by the PO along prevailing Performance Management cycle and their
with a guarantor at an ICICI Bank branch before joining the growth will depend solely on their performance and
campus for training. delivery on the job.
Your gross salary on joining the Bank after training will be Those POs who successfully complete the PO programme
more than Rs. 3.5 Lakhs per annum. will join at the grade of Assistant Manager (Band I) or
equivalent grade in the group companies. They can be
Benefits on Investment
currently placed in any of the following areas:
Despite the Rs. 1,50,000/- being paid by the PO, it is a • Trade Finance & CMS
CASHLESS BRIDGE for a PO since;
• Private Banking & Wealth Management
(a) The loan is being extended by ICICI Bank at subsidized
• Risk and Credit Management
interest rate of 2.5 %
• Treasury Management
(b) No EMIs/Interest will be recovered during the training
period when the PO would be paid stipend/scholarship • Branch Management
(Rs. 2500/- during class room training phase of 9 months • Relationship Management
& more than Rs. 10,000/- during Internship phase of 3 • Any other Profile as decided by ICICI Bank.
months) to meet out of pocket expenses only.
Upon absorption in the ICICI Group, the Probationary
(c) The EMI/Interest recovery starts only from the 1st Officers will be on probation for a period of one year.
salary drawn by the PO on joining the bank after
completion of the training & internship. Probationary Officer Programme (07-08)
(d) The salary for the PO at the grade that he would be Probationary Officer Programme for the year 2007 & 2008
joining (Asst. Manager Band I) has been adequately received huge response from across the country.
increased to cater for the payment of loan EMI of Shortlisted applicants were invited to appear in the Aptitude
approximately Rs. 4,500/- per month. Test, Group Discussion & Personal Interview. 825 Merit
(e) On successful completion of 36 months of service with Listed applicants, from locations across the country, with
ICICI Bank, the loan amount would be paid back to the PO. varied culture & academic background, were invited to join
the Programme at ICICI Manipal Academy Hyderabad &
Where will the Programme be conducted? Bangalore campus in January 2008 and are currently
The Programme will be conducted at ICICI Academy undergoing training. Another batch of 225 POs joined the
(Bangalore Campus or any other location as decided by Bangalore Campus in August 2008 for which the selection
ICICI Bank). The campus is equipped with the best process was conducted in March & May 2008. Currently,
educational infrastructure like air-conditioned classrooms, 1050 Probationary Officers are undergoing training at ICICI
video conferencing rooms, auditorium, well stocked library, Manipal Academy Campuses at Hyderabad & Bangalore.
residential centre, recreation and sports facilities, etc. The