Public sector lender Bank of Baroda has joined hands with Manipal Education to start up a banking school. The school named the Baroda Manipal School of Banking (BMSB) has been set up to offer training to future employees of BoB before they start working as probationary officers (PO) in the bank.
Thge school has been set up with an investment of Rs 30 crore.
"The students will have a job guaranteed by the bank and the diploma programme will impart training in banking law and practices, and management before they join," Mr Anand Sudarshan, CEO and Managing Director, Manipal Education said.
Speaking on the issue, Mr N.S. Srinath, Executive Director, Bank of Baroda, said that the bank hires as many as 2000 officers as well as 2000 clerks every year. The school will act as yet another recruitment mode.
The program will have a nine month in campus training followed by a three month off campus internship at any of the BoB branches. On successful completion of both, the candidate will be awarded a post graduate diploma in banking and finance by Manipal University.
However, for appearing for jobs with other banks, the candidates have to give the respective examinations.
According to Mr Srinath, the course would cost Rs 3 lakh to the student and education loans can be availed by him.