BANGALORE, July 20, 2016 /PRNewswire/ --
- Role-based training program for talent transformation in upcoming Small Finance Bank.
- This banking training program has been designed to equip participants with necessary skills in banking, behavioural and business development skills.
- Selection of participants in the banking training program will be based on a predefined selection process by Ujjivan.
- First batch of the banking training program was inaugurated by Mr. Samit Ghosh, Managing Director, Ujjivan.
Ujjivan, one of India's largest Micro-finance Institutions (MFI) with an in-principle approval from RBI to setup up a Small Finance Bank ("SFB"), has signed a Memorandum of Understanding (MoU) with Manipal Global Education Services (MaGE) to offer a customised banking training program for its employees in various roles such as Branch Heads, Branch Operation Managers and Distribution Supervisors.
(Photo: http://photos.prnewswire.com/prnh/20160720/10150885)
The first batch of the banking training program was inaugurated by Mr. Samit Ghosh, Managing Director, Ujjivan at Manipal Academy of Banking Bengaluru.
Speaking on this occasion, Mr. Ghosh said, "In our journey from a traditional MFI to a Small Finance Bank, employee transformation plays a big role; and training is a very important step in that. Ujjivan HR team has worked with Manipal Global to create a training programme to help our staff attain required skillsets applicable for a specialised institution like a Small Finance Bank that will bring in Financial Inclusion."
Commenting on Manipal's efforts on capacity building, Mr. S. Vaitheeswaran, MD and CEO, Manipal Global said, "In the past few years, Manipal has helped several banking and non-banking financial institutions in capacity building. We have trained their officers on advanced banking programmes and equipped them with the requisite skills and competencies to improve efficiency. In a sector that is witnessing rapid changes and development, banking aptitude alone is not enough to improve productivity. It is the training programmes such as ours that help harness the potential of officers and keep them abreast of the changing needs and requirements of the banking sector, to deliver tangible benefits to the bank."
About Ujjivan
Ujjivan started operations as an NBFC in 2005 with the mission of providing a full range of financial services to the economically active poor who are not adequately served by financial institutions. Presently, Ujjivan's operations are spread across 24 states and union territories, and 209 districts across India, making it the largest MFI in terms of geographical spread. Ujjivan serve over 3.05 million active customers through our 469 branches
On October 7, 2015, Ujjivan received an in-principle approval from the RBI to set up a small finance bank ("SFB"). (Source: RBI Press Release)
Ujjivan's business is primarily based on the joint liability group lending model for providing collateral free, small ticket-size loans to economically active poor women. It also offers individual loans to Micro and Small Enterprises ("MSEs"). Ujjivan has adopted an integrated approach to lending, which combines a high customer touch-point typical of microfinance, with the technology infrastructure and related back-end support functions similar to that of a retail bank. This integrated approach has enabled it to manage increasing business volumes and optimize overall efficiencies.
For the past five consecutive years, Ujjivan has been ranked consistently among the top 25 companies to work for in India by the Great Places to Work® Institute in partnership with the Economic Times. Ujjivan is the 3rd Best Place to Work in India as per the survey conducted by the Great Place to Work Institute in coordination with the Economic Times. Ujjivan continues its successful track record as the #1 company in the MFI domain and excels as an organization, where employees perceive their work to be not just career investments but also, as an opportunity that helps them contribute to the society. For further details, please visit: http://www.ujjivan.com
About Manipal Global Education Services:
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, IDBI Bank , Andhra Bank, Axis Bank, Kotak Bank, RBL Bank and others to establish academies of banking & finance such as Manipal Academy of Banking (MAB). 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™.
Its other strategic investments include MeritTrac, India's leading testing and assessment company. For details, visit http://www.manipalglobal.com
Media Contact(s):
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Phone: +91-(80)40789100
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Senior Manager - Media & PR
Manipal Global Education Services
Priyanka Bali
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PR consultant
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