ING Vysya Bank Young Banker
ING Vysya Bank jobs 2016 for Young Banker Program Online Apply ingvysya.kotak.com 100 percent Jobs in ING Vysya Bank recruitment 2016 Placement ING Vysya Bank Young Banker Program 2016 Jobs has tied up with Manipal Global Education Services to create the ING Young Banker Program (IYBP) offering a Post Graduate Diploma in Banking Operations and Finance (PGDBOF) and a guaranteed job with ING Vysya Bank on successful completion.
ing vysya bank career site ingvysya.kotak.com for Young Banker Program is fully residential and will be conducted in Manipal Academy of Banking Campus, located in Bangalore. ing vysya bank careers for freshers The on-campus training is supplemented with practical on-the-job training in various Branches of ING Vysya Bank through a focused 3 - month internship period.
The Manipal Academy of Banking trains the selected candidates (referred to as “Trainees” hereafter) of ING Vysya Bank to ensure that they are ‘industry ready’ at the time of completion of the program. The thrust of the program is to impart functional knowledge on General Management and specialized knowledge on Banking related topics and subjects.
The duration of the Program is one year. IYBP Trainees are put through a rigorous on-campus curriculum spread over 9 months of 3 terms which are 3 months each. The curriculum’s emphasis is on application of knowledge and overall development of personality.
ING Vysya Bank Syllabus 2016 to attending Classes:
Classes will be held from 9:00 am to 6:00 pm, from Monday to Friday. Formal class room sessions will be of 65 minutes duration. There will be 7 sessions each day.
For the classroom period of 9 months, Trainees will be:
paid a monthly consolidated stipend of Rs 3000/- (Rupees Three Thousand only) for the first 9 months of the course
provided with boarding and lodging facilities,
For the Internship period, the Trainees will be:
paid a monthly consolidated stipend of Rs 12,000/- for the remaining 3 months of the course.
required to make their own arrangements for boarding and lodging
On successful completion of the course the student would be absorbed as a Customer Care Manager or equivalent role with a gross CTC (cost to company) of Rs. 3.45 lakhs per annum. (Rs 3 lakhs is fixed plus an indicative variable pay upto Rs 45,000)
The final posting location of the candidate will be as per the needs and business requirements of the Bank. The place of domicile of Trainees will be considered, however the Bank does not guarantee final posting as per place of domicile.
Post Graduate Diploma in Banking Operations and Finance (PGDBOF) issued by Manipal University - will be conferred on the Trainee on his/ her successful completion of the program.
On arrival at Bangalore:
Trainees joining the program from other locations are requested to inform the Bank about their arrival details prior to arriving at Bangalore. A pick-up facility will be organized from Majestic Railway Station and Yeshwantpur Railway Station to take Trainees to the Manipal campus.
Reimbursement of Travel Expenses:
Trainees will be reimbursed their travel expenses upto a maximum of 3 tier A/C train fare from their current location to Bangalore. For those travelling by other means of transport, reimbursement will be as per actuals and upto a maximum limit of 3 tier A/C train fare. Tickets in original need to be submitted to the Bank to claim reimbursement.
The Course fees is 3.30 lakhs + applicable service tax. This amount covers course fees, course material, boarding and lodging during the nine months on-campus period but does not include any out-of-pocket expenses.
Trainees joining the program will necessarily have to take a loan from ING Vysya Bank for payment of course fees. The minimum tenure for the loan is 6 years. Fore-closure before 3 years of the loan is not allowed.
During the course duration, the interest is charged at the commercial base rate of the Bank. Subsequently, on commencement of employment with the Bank, interest is charged at a subsidized interest rate of 8.5%.
The recovery of EMI will start after completion of the course, when they are placed on the rolls of the Bank. There would be no recovery of EMIs or interest during the training period except if one fails to complete the Training Programme on time for any reason.
Facilities on Campus:
The campus has full-fledged facilities for knowledge acquisition. The Manipal Academy of Banking has an air conditioned library with a large collection of books & reference material, magazines & journals and large number of economic and general newspapers. It is open on all days till late in the evening. Text books are supplied to all new students on a returnable basis. Reference books can be browsed in the library and can also be borrowed.
There are interesting teaser schemes to induce & promote reading habits such as free newspapers, additional books for borrowings etc in select hours. The Campus has well equipped computer labs open up to midnight every day of the week.
The number of desktops available to students is very large enabling a student: machine ratio of around 1:1. The campus has a high broadband connectivity enabling uninterrupted access to global knowledge. These facilities will be available to the students all throughout the program, even during their internship time.
Basic medical help will be available on Campus. A doctor would be available at appointed hours in the campus besides being on call on a 24 by 7 basis. An ambulance is also provided at the campus round the clock.