BANGALORE, June 29, 2016 /PRNewswire/ --
- One year full time Banking Training Program comprising of eight months on-campus residential training and two months each of mid Internship Training and final Internship Training on various areas of Banking and Finance.
- The Banking Training Program has been designed to equip participants with necessary domain knowledge in Banking and also to enhance competency and computer/software application skills.
- Successful completion of the Banking Training Program will lead to a Post Graduate Diploma in Banking Foundation and offer employment at RBL Bank.
- Selection of participants in the Banking Training Program will be based on a pre-defined selection process by RBL Bank.
- First part of the Banking Training Program will commence in August 2016 in Bangalore.
RBL Bank, one of India's fastest growing private sector banks, has signed a Memorandum of Understanding (MoU) with Manipal Global Education Services (MaGE) to offer a customised Banking Training Program for participants at their Banking Training Campus in Bangalore.
(Photo: http://photos.prnewswire.com/prnh/20160629/10149473 )
MaGE's Banking Training Program is a customised residential one-year full time training program comprising of eight months on-campus residential training and two months each of mid internship training and final internship training at an RBL Bank branch. It is designed to skill learners on various areas of Banking and Finance disciplines coupled with intensive computer/software application skills training.
On successful completion, students will be awarded a Post Graduate Diploma in Banking Foundation and will be offered employment at RBL Bank. The aim of the Banking Training Program is to mould officers of high calibre in the banking field and create productive workforce. The first part of the Banking Training Program will commence on August 2016 in Bangalore.
Speaking on this occasion, Ms. Shanta Vallury Gandhi, Head - Human Resources, Learning and Development, Internal Branding and CSR, RBL Bank said, "We are happy to partner with MaGE to build a managerial pipeline of banking professionals at RBL Bank. This is in line with our endeavour to create holistic bankers with complete understanding of new-age banking. This initiative would further enhance the customer experience for our clients."
Mr. S Vaitheeswaran, MD and CEO, MaGE said, "We are delighted to enter into the MoU with RBL Bank. MaGE aims to provide quality education, training and skills with strong industry connect and this program with RBL Bank reflects that deep interest and commitment. MaGE has been successfully applying this Industry-Academia business model with other banks in India. We believe relationships such as these will be truly beneficial to the industry, ensuring first-day-first-hour productivity. We are sure that this program will pave the way to many active collaborative engagements that will benefit the banking, financial services and insurance industry."
About RBL Bank
RBL Bank Ltd is one of India's fastest growing private sector banks in the last six years with an expanding presence, with 197 branches and 362 ATMs as of March 31, 2016 spread across 16 Indian states and union territories. The Bank has been recognised by the World Economic Forum as a 'Global Growth Company' (GCC) for 2014 and has also been awarded "India's Best Bank (Growth) in the Mid-Sized Bank segment" for four consecutive years, 2012, 2013, 2014 and 2015 and "Best Bank Overall (Small)" for 2015 by Business Today and KPMG.
Established in 1943, RBL Bank started a transformational journey under a new management team in 2010. Today, the Bank offers specialised services under six business verticals namely: corporate & institutional banking, commercial banking, branch & business banking, agri business banking, development banking and financial inclusion, treasury and financial markets operations.
Further details: http://www.rblbank.com
About Manipal Global Education Services: (http://www.manipalglobal.com )
Manipal Global Education Services (MaGE) is a leading international provider of high-quality higher education services. As a leader in the higher education industry, MaGE believes that industry relevance is imperative for career-focused education in India. This has led to innovative partnerships with leading Indian banks like ICICI Bank, Bank of Baroda, Punjab National Bank, Andhra Bank, Axis Bank, Kotak Mahindra Bank, RBL Bank and others to establish academies of banking & finance. MaGE has also partnered with City & Guilds, London, UK to launch Manipal City & Guilds.
Headquartered in Bangalore, MaGE provides a wide range of higher education services to institutions in India. These include corporate training programs in partnership with leading enterprises, vocational training across a number of sectors, as well as technology-driven services in areas such as testing and education delivery. It is also the dedicated service provider/operator of university campuses in Malaysia, Antigua in the Caribbean, Dubai and Nepal. It services and supports over 400,000 students, many of them through its award-winning large scale technology platform, EduNxt(TM).
Manipal Global Academy of IT (MGAIT) is an initiative from the group to empower the IT industry with cutting edge learning solutions. MGAIT is driven by the best academic and IT industry professionals, state-of-the-art infrastructure and technology support.
Its other strategic investments include MeritTrac, India's leading testing & assessment company.
Disclaimer
RBL Bank Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus dated June 23, 2015 ("DRHP") with SEBI. The DRHP is available on the websites of SEBI at http://www.sebi.gov.in and the websites of the GCBRLMs and BRLMs at http://www.investmentbank.kotak.com, http://www.axiscapital.co.in, http://www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, http://www.morganstanley.com/about-us/global-offices/india/, http://www.hdfcbank.com, http://www.icicisecurities.com, http://www.idfccapital.com, http://www.iiflcap.com and http://www.sbicaps.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled "Risk Factors" in the red herring prospectus
To be filed with the RoC. Potential investors should not rely on the DRHP in making any investment decision.
This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States, and any securities described in this announcement may not be offered or sold in the United States absent registration under the US Securities Act of 1933 or an exemption from such registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or the selling security holder and that will contain detailed information about the Bank and management, as well as financial statements. No public offering or sale of securities in the United States is contemplated.
This announcement is not for release or distribution in the United States.
Media Contacts:
Manipal Global Education Services
M Gopalakrishnan
Senior Manager - Media & PR
Phone: +91 80 40789100 Mobile +91 9880716453
Email: [email protected]
RBL Bank
Shwetha Thomas
AVP - Marketing & Communications
T: +91 22-43020546 | M: +91 9821287390
E: [email protected]
Priyanka Bali
PR Consultant, Integrated Brand-comm Pvt Ltd
+91-9620562361
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