Noida (Uttar Pradesh), July 1 (ANI): The Amity Institute of Training and Development (AITD) has started a three month training programme for 500 probationary officers of Allahabad Bank at the Amity Campus in Noida, Uttar Pradesh.
The AITD was selected by Allahabad Bank as part of the MoU signed between AITD and Allahabad Bank to undertake the challenging task of designing, developing and delivering the training program through an intensive and competitive procedure.
This is for the first time that a public sector bank has decided to organise a long, intensive and focused training program for such a large number of their new recruits.
The bank plans to employ around 1500 new probationary officers in the current year to meet the HR requirements.
The initiative taken by the CMD is to ensure that young probationary officers are professionally trained through the first three months of their career in a manner that they are ready to effectively serve in branches right away.
Shubhalakshmi Panse, Chairperson and Managing Director of Allahabad Bank, P S Bhatia, General Manager, Human Resources, Allahabad Bank and Dr. Ashok K Chauhan- Founder President, Amity Group inaugurated the Training Programme.
Sharing her enthusiasm, Panse "Banking industry plays a vital role in economy of the country. India has a robust and stable banking system as a result of which no big bank goes down in India. In India, Private and Foreign Banks contribute 30 percent to the economy of the country, rest 70 percent contribution is by public sector banks."
She informed that after nationalization, there was a huge expansion in the banking sector, which led to the massive hiring in the sector. From 1984-1997, there was a complete embargo in the recruitment in the Banking sector. Subsequently, there became two factions in the banks- one of the old and experienced employees who are not tech savvy and other of young employees who are tech savvy but are tad little on the experience.
She remarked that the present training of probationary officers is a step taken to seamlessly integrate them with their seniors in the banks.
She revealed that in 2017-18, Allahabad Banks would see massive retirement and there would not be many senior persons left to share the expertise and train the young blood.
She informed them that, due to the foreseen situation, the promotion system has been compressed at Allahabad Banks and anybody can become general manager at the age of 41-45.
At the same time, she reminded the probationary officers of the great responsibility that would come as a result of compressed promotion system. They would get less time for maturing as banker and they have to slog and gain that experience in two or three years which their seniors did in seven to eight years.
Talking about the relevance of the training programme and choosing Amity for the same, Panse remarked that Allahabad Bank has planned an upward growth trajectory.
She said that the bank has planned to achieve Rs. 3,60,000 crore of total business by March 31, 2014, for which the bank is planning to hire and induct scores of new people into the system.
Addressing the gathering, Dr. Ashok K Chauhan- Founder President, Amity Group congratulated the young probationary officersand assured them that Amity would groom them to become successful professionals and good human beings, who will change the Banking scenario of the country.
He gave them the mantra of 'BHAAG" where "B" stands for Behavioral Science, "H" stands for Hard work, "A" stands for Attitude, another "A" stands for Ambition and "G" stands for God. Dr. Chauhan convinced them that if they follow "BHAAG" in their life, they will never be left behind in their lives. (ANI)
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